v3.25.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Depreciation and amortization expense was $1.0 million and $0.9 million for the three months ended March 31, 2025 and 2024, respectively.

Property and equipment, net, includes the following amounts at March 31, 2025 and December 31, 2024:

(in thousands)Useful LifeMarch 31, 2025December 31, 2024
Software
2 to 5 years
$198 $198 
Capitalized software development costs5 years21,316 19,728 
Computers and equipment3 years2,568 2,379 
Furniture and fixtures5 years14 357 
Leasehold improvements
3 to 10 years
10,243 10,229 
$34,339 $32,891 
Less: accumulated depreciation and amortization(11,347)(10,816)
Property and equipment, net$22,992 $22,075 
    
For the three months ended March 31, 2025 and 2024, the Company had non-cash investing activities of $0.2 million and $0.2 million for capitalized stock-based compensation related to capitalized software development costs. Additionally, the Company recognized stock-based compensation expense through the amortization of capitalized stock-based compensation associated with capitalized software development costs of $0.1 million and less than $0.1 million for the three months ended March 31, 2025, and 2024, respectively.
See Note 15 for information related to a capitalized software development costs impairment.