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

Note 7. Property and Equipment, Net

As of December 31, 2019 and December 31, 2018, property and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

Useful

 

December 31, 

 

December 31, 

Property and equipment

 

Lives

 

2019

 

2018

Furniture and fixtures

 

 

5

 

$

171

 

$

168

Computer, communication and network equipment

 

 

3 - 10

 

 

17,450

 

 

21,009

Software

 

 

5

 

 

4,150

 

 

5,311

Automobiles

 

 

5

 

 

13

 

 

13

Leasehold improvements

 

 

5

 

 

131

 

 

 —

Software development

 

 

1

 

 

8,552

 

 

1,735

Total property and equipment

 

 

 

 

 

30,467

 

 

28,236

 

 

 

 

 

 

 

 

 

 

Less: accumulated depreciation and amortization

 

 

 

 

 

(24,205)

 

 

(22,792)

Total property and equipment, net

 

 

 

 

$

6,262

 

$

5,444

 

Computers, communications and network equipment includes the capitalization of our systems engineering and software programming activities. Typically, these investments pertain to the Company’s:

Intelligent Network (IN) platform;

CRM provisioning Software;

Mediation, Rating & Pricing engine;

ValidSoft security software applications;

Operations and business support software; and

Network management tools.

 

The total amount of product development costs (internal use software costs) that are capitalized in property and equipment during the years ended December 31, 2019 and 2018 was $6,363 and $1,282, respectively.

During the years ended December 31, 2019 and 2018, the Company amortized $3,269 and $901 of software development, respectively. Total property and equipment depreciation and software development amortization expenses were $5,919 and $4,165 for the years ended December 31, 2019 and 2018, respectively.