Property and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

(4) Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	Useful life	As of			As of
	in years	March 31, 2023			December 31, 2022
Furniture and equipment	5	$	1,641		$	1,655
Leasehold improvements (1)	9		7,087			7,081
System hardware	5		2,201			1,718
Office computers	3		7,613			7,553
Computer and system software	3		2,468			2,398
			21,010			20,405
Less accumulated depreciation and amortization			(12,622	)		(11,412	)
Property and equipment, net		$	8,388		$	8,993

(1)

Lesser of the lease term or the estimated useful lives of the improvements, which may be up to 9 years.

Depreciation and amortization expense for property and equipment was $1.4 million and $1.1 million for the three months ended March 31, 2023 and 2022, respectively.