Balance Sheet Detail

9 Months Ended

Sep. 30, 2023

Balance Sheet Detail

Balance Sheet Detail

10.           Balance Sheet Detail:

Equipment and leasehold improvements consist of the following:

	September 30,		December 31,
	2023		2022
Equipment	$	2,285	$	2,720
Capitalized software		6,111		2,997
Leasehold improvements		2,346		1,848
		10,742		7,565
Less accumulated depreciation and amortization		(3,435)		(4,050)
	$	7,307	$	3,515

During the three months ended September 30, 2023, and 2022, the Company recorded depreciation and amortization expense of $0.1 million and $0.2 million, respectively. During the nine months ended September 30, 2023 and 2022, the Company recorded depreciation and amortization expense of $0.5 million and $0.6 million, respectively.

In limited circumstances, the Company offers extended payment terms to customers for periods of 12 to 24 months. The related customer receivables are classified as accounts receivable long-term and discounted to their present value at prevailing market rates at the time of sale. In subsequent periods, the accounts receivable is increased to the amounts due and payable by the customers through the accretion of interest income on the unpaid accounts receivable due in future years. The amounts under these long-term accounts receivable due within one year are reclassified to the current portion of accounts receivable. Accounts receivable long term, net consists of the following:

	September 30,		December 31,
	2023		2022
Total amount due from customer	$	1,851	$	5,213
Less: unamortized discount		(20)		(188)
Less: current portion included in accounts receivable		(659)		(1,911)
	$	1,172	$	3,114

The undiscounted cash flows to be received by the Company relating to these accounts receivable long-term is expected to be $0.6 million, $0.4 million, $0.4 million and $0.4 million during each of the 12-month periods ending September 30, 2024, 2025, 2026 and 2027, respectively.

Accounts payable and accrued expenses consist of the following:

	September 30,		December 31,
	2023		2022
Trade accounts payable	$	146,939	$	151,180
Accrued expenses		7,956		9,470
	$	154,895	$	160,650