Software, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Software, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Software, Net | 7. Software, Net
Software consisted of the following as of the periods indicated:
The Company works with various technology vendors to support the development of online platforms for the Company’s retail customer base and corporate services clients, a mobile retail trading application, as well as upgrades to the Company’s technological and operational infrastructure to support these platforms and future growth (“Retail Platform”). The total capitalized software development cost related to the Retail Platform was $6,656,000 as of June 30, 2026.
Software development totaling $322,000 and $3,872,000 of the Retail Platform were placed into service in the six months ended June 30, 2026 and 2025, respectively.
Total amortization of software was $323,000 and $333,000 for the three months ended June 30, 2026 and 2025, respectively. Total amortization of software was $643,000 and $458,000 for the six months ended June 30, 2026 and 2025, respectively.
As of June 30, 2026, the Company estimates the following future amortization of software assets:
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