5.      PROPERTY AND EQUIPMENT

The major components of property and equipment are as follows:

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Depreciation expense for property and equipment, excluding all internal-use software developed and finance leases, was $1,068 and $1,120 for the three months ended June 30, 2025 and 2024, respectively, and $2,123 and $2,365 for the six months ended June 30, 2025 and 2024, respectively, and is included in depreciation and amortization in the condensed consolidated statements of comprehensive income (loss).

Finance lease amortization was $19 and $21 for the three months ended June 30, 2025 and 2024, respectively, and $38 and $42 for the six months ended June 30, 2025 and 2024, respectively, and is included in depreciation and amortization in the condensed consolidated statements of comprehensive income (loss).

Assets under finance leases of $172 and $172, net of accumulated amortization of $134 and $97, respectively, at June 30, 2025 and December 31, 2024, respectively, are included in property and equipment, net in the condensed consolidated balance sheets.

The major components of internal-use software developed are as follows:

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Amounts included in property and equipment additions related to capitalized internal-use software on the condensed consolidated statements of cash flows are as follows:

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In-process internal-use software developed is not depreciated until it is available for its intended use. Depreciation expense for internal-use software developed for cloud-based customer solutions for the three months ended June 30, 2025 and 2024 was $11,206 and $8,345 respectively, and $21,269 and $17,778 for the six months ended June 30, 2025 and 2024, respectively, is included in cost of revenues, software subscriptions in the condensed consolidated statements of comprehensive income (loss).

Depreciation expense for internal-use software developed for internal systems and tools for the three months ended June 30, 2025 and 2024 was $5,101 and $4,072, respectively, and $9,906 and $7,811 for the six months ended June 30, 2025 and 2024, respectively, and is included in depreciation and amortization in the condensed consolidated statements of comprehensive income (loss).