
	As of December 31,
	2025		2024
Billed accounts receivable	$	13,563	$	9,483
Unbilled accounts receivable	22,182		15,919
Allowance for credit losses	(1,160)		(1,985)
Total accounts receivable, net	$	34,585	$	23,417

A rollforward of the Company’s allowance for credit losses is as follows (in thousands):


	As of December 31,
	2025		2024
Balance at beginning of period	$	(1,985)	$	(630)
Provision for credit losses, net	(1,189)		(1,760)
Other adjustments and write-offs	2,014		405
Balance at end of period	$	(1,160)	$	(1,985)

Prepaid expenses and other current assets consist of the following (in thousands):


	As of December 31,
	2025		2024
Prepaid software licenses	$	3,940	$	3,022
Other prepaid expenses	1,536		797
Contract assets	638		502
Short-term deposits	284		476
Other current assets	1,890		2,140
Total prepaid expenses and other current assets	$	8,288	$	6,937

Inventory is comprised of finished goods inventory. There was no reserve for excess and obsolete inventory recorded as of December 31, 2025 and December 31, 2024.


	As of December 31,
	2025		2024
Computer equipment and software	$	2,875	$	2,211
Furniture and fixtures	-		762
Capitalized internal-use software	16,888		12,195
Leasehold improvements	-		829
Property and equipment, gross	19,763		15,997
Accumulated depreciation and amortization	(11,821)		(10,372)
Property and equipment, net	$	7,942	$	5,625

Depreciation expense of $0.7 million, $0.6 million and $0.7 million was recognized during the years ended December 31, 2025, 2024, and 2023, respectively.

Accrued expenses and other current liabilities consist of the following (in thousands):


	As of December 31,
	2025		2024
Accrued compensation and employee benefits	$	24,545	$	21,118
Accrued sales and use taxes	7,787		5,128
Accrued referral and administration fees	3,711		2,247
Accrued professional service fees	789		270
Accrued connectivity fees	301		269
Other accrued expenses	3,259		808
Total accrued expenses and other current liabilities	$	40,392	$	29,840