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Property and Equipment, Net (Tables)
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net

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

 

 

Useful life

 

As of

 

 

As of

 

 

 

in years

 

June 30, 2023

 

 

December 31, 2022

 

Furniture and equipment

 

5

 

$

1,655

 

 

$

1,655

 

Leasehold improvements (1)

 

9

 

 

8,233

 

 

 

7,081

 

System hardware

 

5

 

 

2,212

 

 

 

1,718

 

Office computers

 

3

 

 

8,167

 

 

 

7,553

 

Computer and system software

 

3

 

 

2,468

 

 

 

2,398

 

 

 

 

 

22,735

 

 

 

20,405

 

Less accumulated depreciation and amortization

 

 

 

 

(14,077

)

 

 

(11,412

)

Property and equipment, net

 

 

 

$

8,658

 

 

$

8,993

 

 

(1)
Lesser of the lease term or the estimated useful lives of the improvements, which may be up to 9 years.