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Balance Sheet Components | 3 Months Ended
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Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Balance Sheet Components | Balance Sheet Components Note Receivable Note receivable included in other long-term assets on the condensed consolidated balance sheets consisted of the following as of March 31, 2024 and December 31, 2023:
| March 31, |  | December 31,
| 2024 |  | 2023
Note receivable | $ | 2,000 |  |  | $ | 2,000 |
On July 7, 2023, the Company entered into a Loan and Security Agreement (together, the “Credit Agreement”) whereby it would lend approximately $2.0 million to Big Run Studio (“Big Run”). The designated rate on the credit facility is 11.5%, with interest-only for the first six months being paid, at Big Run’s option each month, (1) in cash or (2) in-kind and compounded monthly to the principal. The interest-only period may be extended in six month increments upon mutual written agreement between Big Run and Skillz. After the interest-only period, principal and interest shall be payable monthly in equal installments. The default rate is 16.5% per annum. Late charges will be assessed at 5% of the payment amount overdue if not paid within five business days of its due date. The credit facility will mature on June 1, 2025, subject to applicable permitted prepayments; provided that upon the occurrence of a six-month extension of the interest-only period, the Company may, at its discretion, also extend the maturity date of the loan by a commensurate six months. The credit facility is perfected by way of a Uniform Commercial Code-1 statement whereby the Company is provided first-order secured rights in the event of default by Big Run. For the three months ended March 31, 2024, the Company recognized $0.1 million of interest income related to this Credit Agreement. See Note 16, Subsequent Events. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following as of March 31, 2024 and December 31, 2023:
| March 31, |  | December 31,
| 2024 |  | 2023
Credit card processing reserve | $ | 1,000 |  |  | $ | 1,000 |
Prepaid expenses | 3,809 |  |  | 4,364 |
Other current assets | 1,106 |  |  | 1,357 |
Prepaid expenses and other current assets | $ | 5,915 |  |  | $ | 6,721 |
Property and Equipment, net Property and equipment consisted of the following as of March 31, 2024 and December 31, 2023:
| March 31, |  | December 31,
| 2024 |  | 2023
Land | $ | 980 |  |  | $ | 980 |
Building | 12,529 |  |  | 10,541 |
Capitalized internal-use software | 9,113 |  |  | 9,113 |
Computer equipment and servers | 1,782 |  |  | 1,410 |
Furniture and fixtures | 329 |  |  | 278 |
Leasehold improvements | 117 |  |  | 117 |
Construction in progress | — |  |  | 1,745 |
Total property and equipment | 24,850 |  |  | 24,184 |
Accumulated depreciation and amortization | (10,029) |  |  | (9,635) |
Property and equipment, net | $ | 14,821 |  |  | $ | 14,549 |
Property and equipment, net and operating lease right-of-use assets by geography was as follows:
| March 31, |  | December 31,
| 2024 |  | 2023
United States | $ | 14,462 |  |  | $ | 14,186 |
Other countries | 359 |  |  | 363 |
Total | $ | 14,821 |  |  | $ | 14,549 |
Other Current Liabilities Other current liabilities consisted of the following as of March 31, 2024 and December 31, 2023:
| March 31, |  | December 31,
| 2024 |  | 2023
Accrued sales and marketing expenses | $ | 2,430 |  |  | $ | 2,275 |
Accrued compensation | 2,988 |  |  | 2,070 |
Accrued publisher fees | 3,024 |  |  | 3,607 |
End-user liability, net | 6,154 |  |  | 6,590 |
Accrued developer revenue share | 1,037 |  |  | 1,086 |
Short-term lease obligations | 779 |  |  | 831 |
Accrued legal expenses | 7,625 |  |  | 7,949 |
Accrued interest expenses | 3,877 |  |  | 554 |
Indirect tax liabilities | 12,052 |  |  | 11,206 |
Accrued operating expenses | 8,133 |  |  | 9,715 |
Other | 755 |  |  | 899 |
Other current liabilities | $ | 48,854 |  |  | $ | 46,782 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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