Annual report pursuant to Section 13 and 15(d)

Software Development Costs, net

v3.21.1
Software Development Costs, net
12 Months Ended
Dec. 31, 2020
Research and Development [Abstract]  
Software Development Costs, net Software Development Costs, net
Capitalized software development costs as of December 31, 2020 and 2019 consisted of the following (in thousands):
As of December 31,
2020 2019
Capitalized software development costs $ 5,275  $ 6,029 
Accumulated amortization (3,554) (4,485)
Software development costs, net $ 1,721  $ 1,544 
The weighted average remaining amortization period for the Company’s software development costs is 2.8 years.
Amortization expense for capitalized software development costs was $0.7 million and $1.03 million for each of the years ended December 31, 2020 and 2019.
Future amortization expense on the computer software is anticipated to be as follows (in thousands):
For the Years Ending December 31, Amount
2021 $ 789 
2022 478 
2023 256 
2024 198 
2025 and thereafter — 
Total $ 1,721