Property and Equipment, net

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following ($ in millions):


	December 31,
	2020		2019
Computer equipment and software	$	4.8	$	1.9
Leasehold improvements	2.2		1.2
Furniture and equipment	1.1		0.7
	8.1		3.8
Accumulated depreciation	(2.4)		(0.7)
Property and equipment, net	$	5.7	$	3.1

Depreciation expense for the years ended December 31, 2020, 2019 and 2018 was $1.7 million, $0.6 million and $0.1 million, respectively and included in general and administrative expenses on the consolidated statements of operations and comprehensive loss.

The Company capitalized costs related to the development of internal-use software of $3.2 million and $1.1 million for the years ended December 31, 2020 and 2019, respectively. Capitalized amounts are included as a component of property and equipment under computer equipment and software.