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Balance Sheet Information
3 Months Ended
Mar. 31, 2021
Balance Sheet Information  
Balance Sheet Information Balance Sheet Information
The information that follows provides details about certain amounts reported in our unaudited condensed consolidated balance sheets as of March 31, 2021 and December 31, 2020.
Note Receivable, Net
The following table presents details of the note receivable, net as of March 31, 2021 and December 31, 2020:
(In thousands)March 31,
2021
December 31,
2020
ValidSoft$516 $519 
Reserve(216)(219)
Note receivable, net$300 $300 
The ValidSoft note bears interest at 5.0% and, pursuant to an amendment dated June 2020, matured March 31, 2021. On April 6, 2021, the Company entered into an agreement with ValidSoft wherein the Company agreed to accept $0.3 million as payment in full. Consequently, the ValidSoft note receivable was written down to that amount as of December 31, 2020. The Company collected the entire $0.3 million in April 2021.
Prepaid Expenses and Other Current Assets
The following table provides details of the amounts comprising prepaid expenses and other current assets as of March 31, 2021 and December 31, 2020:
(In thousands)March 31,
2021
December 31, 2020
Prepaid insurance and legal fees$392 $536 
Prepaid software license and support526 471 
Prepaid corporate taxes85 196 
Prepaid expenses-other406 1,337 
Valued added tax798 738 
Other receivables64 
Other assets234 330 
Prepaid expenses and other current assets$2,443 $3,672 
Property, Equipment, and Software Development, Net
The following table provides details of the amounts comprising property, equipment, and software development, net as of March 31, 2021 and December 31, 2020:

(In thousands)March 31,
2021
December 31, 2020
Furniture and fixtures$178 $186 
Computer, communications, and network equipment8,983 9,347 
Software4,028 4,207 
Automobiles13 14 
Leasehold improvements25 25 
Software development14,589 14,293 
Property, equipment, and software development, at cost27,816 28,072 
Accumulated depreciation and amortization(23,677)(22,982)
Property, equipment, and software development, net$4,139 $5,090 
For the three months ended March 31, 2021 and 2020 expenditures for property, equipment, and software development were $0.9 million and $1.9 million, respectively; and depreciation and amortization recognized on property, equipment, and software development was $1.7 million and $1.9 million, respectively.
Intangible Assets, Net
The following tables provide information about intangible assets, net as of March 31, 2021 and December 31, 2020:
As of March 31, 2021
(In thousands)Gross Carrying AmountAccumulated AmortizationAccumulated ImpairmentForeign Currency Translation AdjustmentsIntangible Assets, Net
Developed technology$26,829 $(6,049)$(14,651)$(572)$5,557 
Consumer relationships25,300 (4,369)(14,434)(483)6,014 
Trade names3,544 (1,097)(1,757)(74)616 
Intangible assets, net$55,673 $(11,515)$(30,842)$(1,129)$12,187 
As of December 31, 2020
(In thousands)Gross Carrying AmountAccumulated AmortizationAccumulated ImpairmentForeign Currency Translation AdjustmentsIntangible Assets, Net
Developed technology$26,829 $(5,792)$(14,651)$(520)$5,866 
Consumer relationships25,300 (3,972)(14,434)(454)6,440 
Trade names3,544 (1,050)(1,757)(45)692 
Intangible assets, net$55,673 $(10,814)$(30,842)$(1,019)$12,998 
Amortization of intangible assets in the three months ended March 31, 2021 and 2020 was $0.7 million and $0.7 million, respectively.
The following table provides the estimated future amortization expense related to intangible assets held as of March 31, 2021:
(In thousands)
2021 (excluding the three months ended March 31, 2021)
$1,954 
20222,715 
20232,715 
20242,715 
20252,088 
Total$12,187 
Goodwill
The following table provides information about the carrying value of goodwill as of March 31, 2021 and December 31, 2020:
(In thousands)March 31,
2021
December 31, 2020
Balance, beginning of period$11,043 $10,099 
Foreign currency translation adjustments(483)944 
Balance, end of period$10,560 $11,043 
Other Assets
The following table provides details of the amounts comprising other assets as of March 31, 2021 and December 31, 2020:
(In thousands)March 31,
2021
December 31, 2020
Deposits $384 $382 
Income taxes receivable128 128 
Deferred tax assets96 96 
Other116 143 
Other assets$724 $749 
Accrued Expenses and Other Payables
The following table provides details of the amounts comprising accrued expenses and other payables as of March 31, 2021 and December 31, 2020:
(In thousands)March 31,
2021
December 31, 2020
Accrued selling, general and administrative expenses$2,221 $4,246 
Accrued salary and bonus2,919 646 
Accrued employee benefits727 754 
Accrued cost of service1,187 1,566 
Accrued taxes (including VAT)3,685 4,193 
Accrued interest payable347 328 
Accrued customer credit879 77 
Other accrued expenses2,832 1,234 
Accrued expenses and other payables$14,797 $13,044