Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.20.4
Property and Equipment, Net
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

7. PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following (in thousands):

 

 

 

As of December 31,

 

 

 

2020

 

 

2019

 

Internal-use software development costs

 

$

4,675

 

 

$

1,470

 

Servers (1)

 

 

2,301

 

 

 

1,629

 

Office equipment

 

 

1,405

 

 

 

1,153

 

Leasehold improvements

 

 

653

 

 

 

616

 

Furniture and fixtures

 

 

428

 

 

 

388

 

Assets-in-progress (2)

 

 

1,164

 

 

 

665

 

Vehicles

 

 

11

 

 

 

23

 

Software

 

 

4

 

 

 

4

 

Other assets

 

 

102

 

 

 

91

 

Total property and equipment

 

 

10,743

 

 

 

6,039

 

Less: accumulated depreciation and amortization

 

 

4,017

 

 

 

2,646

 

Total property and equipment, net

 

$

6,726

 

 

$

3,393

 

 

 

(1)

Including equipment under capital leases with gross amount of $608,000 and accumulated depreciation of $191,000 as of December 31, 2020 (gross amount of $288,000 and accumulated depreciation of $78,000 as of December 31, 2019).

 

(2)

Assets-in progress amounting to $1.2 million as of December 31, 2020 refers to internal-use software development costs in-progress.

Depreciation and amortization expense was $1.1 million and $879,000 for the years ended December 31, 2020 and 2019, respectively.

The Company capitalized $3.7 million and $602,000, in internal-use software development costs in the years ended December 31, 2020 and 2019, respectively. Of the $3.7 million capitalized in 2020, $697,000 relates to stock-based compensation expense capitalized in internal-use software. Of the $3.7 million capitalized in 2020, $3.2 million relates to internal-use software in-use and $499,000 relates to internal-use software development in-progress, recorded within assets-in-progress. Amortization of capitalized software development costs was $507,000 and $355,000, in the years ended December 31, 2020 and 2019, respectively. The amortization expense was allocated as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Cost of revenue

 

$

271

 

 

$

302

 

Research and development

 

 

236

 

 

 

53

 

Total

 

$

507

 

 

$

355