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Property, Plant, and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure PROPERTY AND EQUIPMENT
Property and equipment as of December 31, 2025 and 2024, consisted of the following (in thousands):
Estimated Useful Life
(in years)
20252024
Furniture and equipment
2 to 5
$9,103 $8,273 
Software development costs344,532 31,305 
Software
2 to 5
3,383 3,063 
Leasehold improvements
2 to 5
2,913 2,595 
Gross property and equipment59,931 45,236 
Less: accumulated depreciation and amortization(32,121)(25,567)
Property and equipment, net$27,810 $19,669 

We record the depreciation and amortization of our property and equipment as depreciation expense on our Consolidated Statements of Comprehensive Loss. We record depreciation expenses using the straight-line method over the estimated useful lives of the assets, as noted above. Depreciation and amortization expenses relating to property and equipment were $7,009 and $5,720 for the years ended December 31, 2025 and 2024, respectively.

We acquired software development costs from prior acquisitions and we continue to invest in software development. We are developing products which we intend to offer utilizing software as-a-service (“SaaS”). We follow the guidance of ASC 350-40, Intangibles—Goodwill and Other—Internal-Use Software, for development costs related to these new products. Costs incurred in the planning stage are expensed as incurred while costs incurred in the application and infrastructure stage are capitalized, assuming such costs are deemed to be recoverable. Costs incurred in the operating stage are generally expensed as incurred except for significant upgrades and enhancements. Capitalized software costs are amortized over the software’s estimated useful life, which management has determined to be three years. During the years ended December 31, 2025 and 2024, we capitalized $13,733 and $10,187 of software development costs, respectively.