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Intangible Assets
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 8. Intangible Assets

The carrying amount of computer software developed was $2.5 million and $0 at December 31, 2021 and December 31, 2020, respectively. The following table presents the changes in the carrying amount of computer software developed during the twelve months ended December 31, 2021.  

 

 

 

Years Ended

 

 

 

December 31, 2021

 

 

December 31, 2020

 

(Dollars in thousands)

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computer software

 

$

2,493

 

 

$

 

 

$

 

 

$

 

Total

 

$

2,493

 

 

$

 

 

$

 

 

$

 

 

The Company is still in the development stage of the computer software where costs are capitalized. Capitalization ceases when the software is substantially complete and ready for its intended use. At that time the intangible asset will be amortized on a straight-line bases over the estimated useful life of the asset. As of December 31, 2021, the Company has not recorded any amortization on its intangible computer software.