Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.20.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2019
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,

 

 

 

2019

 

 

2018

 

Internal-use software development costs

 

$

1,470

 

 

$

1,440

 

Servers (1)

 

 

1,629

 

 

 

1,170

 

Office equipment

 

 

1,153

 

 

 

965

 

Leasehold improvements

 

 

616

 

 

 

222

 

Furniture and fixtures

 

 

388

 

 

 

189

 

Assets-in-progress (2)

 

 

665

 

 

 

108

 

Vehicles

 

 

23

 

 

 

49

 

Software

 

 

4

 

 

 

4

 

Other assets

 

 

91

 

 

 

103

 

Total property and equipment

 

 

6,039

 

 

 

4,250

 

Less: accumulated depreciation and amortization

 

 

2,646

 

 

 

1,909

 

Total property and equipment, net

 

$

3,393

 

 

$

2,341

 

 

 

(1)

Including equipment under capital leases with gross amount of $288,000 and accumulated depreciation of $78,000 as of December 31, 2019 (gross amount of $94,000 and accumulated depreciation of $31,000 as of December 31, 2018).

 

(2)

Assets-in progress amounting to $665,000 as of December 31, 2019 include: (i) internal-use software development costs in-progress for $546,000; and (ii) software in-progress for $119,000.

Depreciation and amortization expense was $879,000 and $670,000 for the years ended December 31, 2019 and 2018, respectively.

The Company capitalized $602,000 and $657,000, in internal-use software development costs in the years ended December 31, 2019 and 2018, respectively. Of the $602,000 capitalized in 2019, $60,000 relate to internal-use software in-use and $542,000 to internal-use software development in-progress, recorded within assets-in-progress. No stock-based compensation expense was capitalized. Amortization of capitalized software development costs was $355,000 and $371,000, in the years ended December 31, 2019 and 2018, respectively. The amortization expense was allocated as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

Cost of revenue

 

$

302

 

 

$

315

 

Research and development

 

 

53

 

 

 

56

 

Total

 

$

355

 

 

$

371