| Software Development, Property and Equipment and Long-Lived Assets |
(3) Software Development, Property and Equipment and Long-Lived Assets Software development and property and equipment consist of the following as of June 30, 2026 and December 31, 2025 (in thousands):
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|
|
|
|
|
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|
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June 30, |
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|
December 31, |
|
|
|
Useful Life |
|
2026 |
|
|
2025 |
|
Technology hardware |
|
3 years |
|
$ |
4,538 |
|
|
$ |
4,049 |
|
Manufacturing equipment |
|
2 - 10 years |
|
|
6,490 |
|
|
|
6,713 |
|
Capitalized software development |
|
3 years |
|
|
117,087 |
|
|
|
90,051 |
|
Leasehold improvements |
|
Shorter of useful life or lease term |
|
|
1,414 |
|
|
|
1,287 |
|
Furniture and fixtures |
|
7 years |
|
|
3,572 |
|
|
|
3,468 |
|
Total |
|
|
|
|
133,101 |
|
|
|
105,568 |
|
Less accumulated depreciation |
|
|
|
|
(53,347 |
) |
|
|
(44,937 |
) |
Software development and property and equipment, net |
|
|
|
$ |
79,754 |
|
|
$ |
60,631 |
|
Depreciation and amortization expense for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):
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Three Months Ended June 30, |
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|
Six Months Ended June 30, |
|
|
2026 |
|
|
2025 |
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|
2026 |
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|
2025 |
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Cost of revenue |
$ |
182 |
|
|
$ |
185 |
|
|
$ |
358 |
|
|
$ |
366 |
|
Sales and marketing |
|
15 |
|
|
|
22 |
|
|
|
40 |
|
|
|
46 |
|
Operations and support |
|
36 |
|
|
|
43 |
|
|
|
69 |
|
|
|
82 |
|
Product development |
|
4,673 |
|
|
|
3,114 |
|
|
|
8,233 |
|
|
|
6,077 |
|
General and administrative |
|
126 |
|
|
|
241 |
|
|
|
460 |
|
|
|
385 |
|
Total depreciation and amortization expense |
$ |
5,032 |
|
|
$ |
3,605 |
|
|
$ |
9,160 |
|
|
$ |
6,956 |
|
|