Software Assets, Net |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||
| Finite Lived Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| Software Assets, Net | Software Assets, Net Costs incurred are used to develop internal software applications and consist of mainly compensation and benefits. We capitalize software development costs upon the establishment of technological feasibility. For the years ended December 31, 2025 and 2024, we capitalized $2.1 million and $3.5 million, respectively, of software development costs. When the software is ready for use, these capitalized costs are amortized on a straight‑line basis over the estimated useful life, estimated to be three years. Software assets, net, consisted of the following:
The following summarizes the future amortization expense as of December 31, 2025.
Amortization expense was $3.5 million and $5.1 million for the years ended December 31, 2025 and 2024, respectively.
|