Direct Digital Holdings Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software, net

Property, Equipment and Software, net

9 Months Ended

Sep. 30, 2023

Property, Equipment and Software, net

Property, Equipment and Software, net

Note 3 — Property, Equipment and Software, net

Property, equipment and software, net consists of the following:


	September 30,		December 31,
	2023		2022
Furniture and fixtures	$	127,932	$	118,601
Computer equipment		19,636		16,985
Leasehold Improvements		36,230		—
Capitalized software		660,616		571,850
Property, equipment and software, gross		844,414		707,436
Less: accumulated depreciation and amortization		(219,386)		(34,218)
Total property, equipment and software, net	$	625,028	$	673,218

The Company moved headquarters in 2022 and capitalized furniture and fixtures, computer equipment and leasehold improvements related to the move. The Company acquired the license to its proprietary Colossus SSP platform in November 2022 from its third-party developer. The following table summarizes depreciation and amortization expense related to property, equipment and software by line item for the three and nine months ended September 30, 2023 and 2022:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Cost of revenue	$	55,051	$	—	$	159,057	$	—
General and administrative		8,638		—		26,112		—
Total depreciation and amortization	$	63,689	$	—	$	185,169	$	—