Software Development Costs, net

12 Months Ended

Dec. 31, 2023

Capitalized software development costs as of December 31, 2023 and 2022 consisted of the following (in thousands):


	As of December 31,
	2023		2022
Capitalized software development costs	$	1,857	$	1,767
Accumulated amortization	(1,552)		(1,243)
Software development costs, net	$	305	$	524

The Company tests its long lived assets for potential impairment at least annually, or more frequently if an event or other circumstance indicates that the Company may not be able to recover the carrying amount of the net assets of the asset group. There was no impairment recorded for the years ended December 31, 2023 and 2022.

The weighted average remaining amortization period for the Company’s software development costs is 1.0 year.

Amortization expense for capitalized software development costs was approximately $0.7 million and $0.94 million for the years ended December 31, 2023 and 2022, respectively, of which $0.4 million and $0.7 million pertains to discontinued operations.

Software development costs, net, will be fully amortized in the year ending December 31, 2024.