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Capitalized Software, Net
12 Months Ended
Dec. 31, 2020
Capitalized Computer Software Net [Abstract]  
Capitalized Software, Net

8. Capitalized Software, Net

The following table presents details of the Company’s capitalized software, net as follows:

 

 

 

December 31,

 

(in thousands)

 

2020

 

 

2019

 

Capitalized software costs

 

$

26,344

 

 

$

7,363

 

Less: Accumulated amortization

 

 

(6,544

)

 

 

(2,185

)

Total capitalized software, net

 

$

19,800

 

 

$

5,178

 

 

For the years ended December 31, 2020, 2019 and 2018, amortization expense was $4.4 million, $1.7 million and $0.4 million, respectively. Amortization has not started on $5.2 million of capitalized software costs that are not yet ready for intended use as of December 31, 2020.

At December 31, 2020, the expected amortization of capitalized software, net that has been placed into service for future periods is as follows:

 

(in thousands)

 

 

 

 

Year Ending December 31,

 

 

 

 

2021

 

$

6,622

 

2022

 

 

5,272

 

2023

 

 

2,670

 

 

 

$

14,564