Kaleyra, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

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,
	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).

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