Property and Equipment, Net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

7. Property and Equipment, Net

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


	December 31,
	2023			2022
Equipment	$	2,653		$	3,357
Furniture and fixtures		503			1,896
Logistics fleet		32,562			32,468
Leasehold improvements		434			6,577
Internal-use software		4,807			30,725
Other		1,369			8,081
		42,328			83,104
Accumulated depreciation and amortization		(18,196	)		(32,903	)
Property and equipment, net	$	24,132		$	50,201

Depreciation and amortization expense was $16.5 million and $13.4 million for the years ended December 31, 2023 and 2022, respectively. Depreciation and amortization expense included within “Cost of sales” in the consolidated statements of operations was $0.7 million and $0.4 million for the years ended December 31, 2023 and 2022 respectively.

Implementation costs capitalized and accumulated amortization related to the Company’s cloud computing arrangements were $0.6 million and $0.2 million as of December 31, 2023, respectively, and $7.7 million and $4.6 million as of December 31, 2022, respectively, and were included within “Other assets” in the consolidated balance sheets. Amortization expense of $1.8 million and $2.3 million was included within “Selling, general and administrative expenses” in the consolidated statements of operations for the years ended December 31, 2023 and 2022, respectively.

The Company determined a triggering event existed as of December 31, 2023, resulting in impairment charges for "Property and equipment, net" and "Other assets" of $23.9 million and $1.3 million, respectively, related to the Company's internal-use software, implementation costs for cloud computing arrangements, and other miscellaneous furniture and equipment that no longer have a planned future use.

Additionally, the Company incurred impairment charges for "Property and equipment, net" and "Other assets" of $0.3 million and $3.4 million, respectively, for the year ended December 31, 2022, related to the Company's internal-use software and implementation costs for cloud computing arrangements that are no longer in use.