Inventory consisted of the following.


	As of
	September 30, 2024		December 31, 2023
Finished Goods	$	35,563	$	41,206
Raw Materials		385		369
Total inventory	$	35,948	$	41,575

The Company writes-down inventory for any excess or obsolete inventories or when the Company believes the net realizable value of inventories is less than the carrying value. During the three months ended September 30, 2024 and 2023 the Company recorded write-downs of $2,596, primarily due to technology changes and new product introductions resulting in certain obsolete inventory during the quarter, and $1,857, respectively. During the nine months ended September 30, 2024 and 2023, the Company recorded write-downs of $2,767 and $2,130, respectively.

Prepaid expenses and other current assets consisted of the following.


	As of
	September 30, 2024		December 31, 2023
Prepaid expenses	$	7,157	$	7,144
Other current assets		5,060		2,215
Total prepaid expenses and other current assets	$	12,217	$	9,359

During the three months ended September 30, 2024, the Company recorded $3,534 in other current assets related to a lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments.

Property and equipment, net consisted of the following.


	As of
	September 30, 2024			December 31, 2023
Computer hardware	$	2,469		$	2,242
Leasehold improvements		736			717
Warehouse and other equipment		845			748
Furniture and fixtures		366			146
Property and equipment		4,416			3,853
Less: Accumulated depreciation		(3,059	)		(2,453	)
Total property and equipment, net	$	1,357		$	1,400

Depreciation and amortization expense on all property, plant and equipment was $229 and $182 during the three months ended September 30, 2024 and 2023, respectively. Depreciation and amortization expense on all property, plant and equipment was $606 and $582 during the nine months ended September 30, 2024 and 2023, respectively.

Intangible assets, net consisted of the following.


	As of
	September 30, 2024							December 31, 2023
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Customer relationships	$	22,990	$	(5,668	)	$	17,322	$	22,990	$	(4,001	)	$	18,989
Developed technology		10,600		(4,015	)		6,585		10,600		(2,911	)		7,689
Trade name		900		(464	)		436		900		(329	)		571
Total intangible assets, net	$	34,490	$	(10,147	)	$	24,343	$	34,490	$	(7,241	)	$	27,249

Amortization expense on all intangible assets was $969 and $968 for the three months ended September 30, 2024 and 2023, respectively. Amortization expense on all intangible assets was $2,906 and $2,906 for the nine months ended September 30, 2024 and 2023, respectively. Total future amortization for finite-lived intangible assets is estimated as follows.


	Amortization Expense
2024 - Remaining	$	968
2025		3,873
2026		3,873
2027		3,734
2028		3,693
Thereafter		8,202
Total	$	24,343

Other long-term assets consisted of the following.


	As of
	September 30, 2024		December 31, 2023
Capitalized software costs, net	$	8,834	$	5,632
Investment in non-affiliate		-		2,250
Operating lease - ROU asset, net		4,172		2,550
Other long-term assets		2,920		1,816
Total other long-term assets	$	15,926	$	12,248

Amortization expense for capitalized software costs was $407 and $228 for the three months ended September 30, 2024 and 2023, respectively. Amortization expense for capitalized software costs was $1,118 and $483 for the nine months ended September 30, 2024 and 2023, respectively.

During the three months ended September 30, 2024, the Company recorded $2,701 of other long-term assets related to a lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments.

In December 2023, the Company invested $2,250 in a non-affiliated, privately held entity, under a Simple Agreement for Future Equity ("SAFE") agreement. The non-affiliated entity provides support and consultation for consumers looking to manage and upgrade the technology within their home. The Company’s investment in the SAFE is recorded using the cost method of accounting and is included under other long-term assets on the Condensed Consolidated Balance Sheets, as it is not readily convertible into cash. During the three months ended June 30, 2024, the Company identified factors indicative of impairment and recorded an impairment charge of $2,250 in general and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Loss. During the year ended December 31, 2023, the Company did not identify any factors indicative of impairment.

Accrued expenses and other current liabilities consisted of the following.


	As of
	September 30, 2024		December 31, 2023
Accrued expenses	$	12,609	$	6,674
Accrued compensation costs		7,278		10,272
Warranty allowance		638		2,215
Other		6,049		5,815
Total accrued expenses and other current liabilities	$	26,574	$	24,976

Other long-term liabilities consisted of the following.


	September 30, 2024		December 31, 2023
Lease liability, noncurrent	$	7,311	$	1,311
Other long-term liabilities		60		2,785
Total other long-term liabilities	$	7,371	$	4,096

During the three months ended September 30, 2024, the Company recorded $6,131 in other long-term liabilities related to the lease for its new headquarters in Phoenix, AZ. See Note 12. "Commitments and Contingencies" - Lease Commitments.