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):
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):
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef