Property and Equipment, Net

12 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

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


	As of March 31,
	2023		2022
Furniture and equipment	$	2,816	$	336
Computers and software	745		769
Leasehold improvements	888		796
Internal-use software development costs	20,405		15,057
Total property and equipment	24,854		16,958
Less: accumulated depreciation and amortization	(13,575)		(8,470)
Total property and equipment, net	$	11,279	$	8,488

Depreciation and amortization expense on property and equipment for the fiscal years ended March 31, 2023, 2022, and 2021 was $5.5 million, $4.0 million and $2.6 million, respectively. Included in these amounts was amortization expense for internal-use software development costs of $4.8 million, $3.5 million and $2.2 million for the fiscal years ended March 31, 2023, 2022, and 2021, respectively. The amortization of the internal-use software development costs is included in cost of revenue in the consolidated statements of operations.

During the years ended March 31, 2023, 2022, and 2021, the Company capitalized $5.3 million, $4.3 million, and $4.6 million, respectively, of internal-use software development costs, which are included in property and equipment, net on the consolidated balance sheets.

No impairment was recognized on property and equipment during the years ended March 31, 2023, 2022, and 2021.