Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Summary of Useful Lives of Property and Equipment

The useful lives of property and equipment are as follows:

 

Internal-use software development costs ……………………………..

4 years

Servers ………………………………………………………………...

3 - 6 years

Office equipment ……………………………………………………...

3 -5 years

Leasehold improvements ……………………………………………...

5 years or remaining lease term (1)

Furniture and fixtures …………………………………………………

4 - 8 years

Vehicles ……………………………………………………………….

8 - 10 years

Software ……………………………………………………………….

3 years

Other assets ………………………………………………………........

4 years  

 

(1)

Including renewal options

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).

Summary of Useful Lives of Intangible Assets

The useful lives of the intangible assets are as follows:

 

Developed technology…………………………………………………....

3-6 years

Customer relationships (accelerated method) …………………………...

15 - 17 years

Patent …………………………………………………………………….

3-7 years