
(amounts in thousands)	Expected Useful Life	June 30, 2024		December 31, 2023

IT equipment	3 to 5 years	$	1,000	$	930

Accumulated depreciation		(552)		(395)
Total		$	448	$	535

BMTX recorded depreciation expense of less than $0.1 million and less than $0.2 million for the three and six months ended June 30, 2024, respectively, and less than $0.1 million and $0.1 million for the three and six months ended June 30, 2023,

respectively, as a component of Technology, communication, and processing expense on the unaudited Consolidated Statements of Income (Loss).

Impairment is recorded in Technology, communication, and processing expense on the unaudited Consolidated Statements of Income (Loss). BMTX recorded no impairment expense on Premises and Equipment during the three and six months ended June 30, 2024 and 2023.


(amounts in thousands)	Expected Useful Life	June 30, 2024		December 31, 2023
Higher One Disbursement business developed software	10 years	$	27,400	$	27,400
Internally developed software	3 to 7 years	51,556		43,225
Work-in-process		985		6,662
		79,941		77,287
Accumulated amortization		(63,694)		(61,114)
Total		$	16,247	$	16,173

BMTX recorded amortization expense of $1.5 million and $2.6 million for the three and six months ended June 30, 2024, respectively, and $3.0 million and $6.0 million for the three and six months ended June 30, 2023, respectively, as a component of Technology, communication, and processing expense on the unaudited Consolidated Statements of Income (Loss).

BMTX recorded impairment expenses of zero and less than $0.1 million during the three and six months ended June 30, 2024, respectively, and zero during the three and six months ended June 30, 2023, as a component of Technology, communication and processing expense on the unaudited Consolidated Statements of Income (Loss).