Annual report pursuant to Section 13 and 15(d)

Software Development Costs

v3.19.3.a.u2
Software Development Costs
12 Months Ended
Dec. 31, 2019
Research and Development [Abstract]  
Software Development Costs

Note 9 - Software Development Costs

 

Capitalized software development costs as of December 31, 2019 and 2018 consisted of the following (in thousands):

 

    As of December 31,  
    2019     2018  
Capitalized software development costs   $ 6,029     $ 5,102  
Accumulated amortization     (4,485 )     (3,412 )
Software development costs, net   $ 1,544     $ 1,690  

 

The weighted average remaining amortization period for the Company's software development costs is 1.61 years.

 

Amortization expense for capitalized software development costs was $1.025 million and $1.2 million for each of the years ended December 31, 2019 and 2018.

 

Future amortization expense on the computer software is anticipated to be as follows (in thousands):

 

For the Years Ending December 31,   Amount  
2020   $ 994  
2021     487  
2022     59  
2023     4  
Total   $ 1,544