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Property, Equipment and Capitalized Software (Tables)
12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Schedule of Property, Equipment and Capitalized Software

Property, equipment and capitalized software at December 31, 2021 and 2020 are summarized as follows:

 

December 31,

 

Useful Life

 

2021

 

 

2020

 

(amounts in thousands)

 

(years)

 

 

 

 

 

 

 

 

Equipment

 

1-10

 

$

6,796

 

 

$

6,136

 

Furniture

 

5-10

 

 

1,875

 

 

 

1,490

 

Capitalized software

 

3-5

 

 

2,377

 

 

 

2,397

 

Other software

 

2-5

 

 

2,234

 

 

 

2,139

 

Leasehold improvements

 

1-15

 

 

2,346

 

 

 

2,381

 

 

 

 

 

$

15,628

 

 

$

14,543

 

Accumulated depreciation and amortization

 

 

 

 

(10,386

)

 

 

(9,028

)

 

 

 

 

$

5,242

 

 

$

5,515

 

Summary of Capitalized Software's Costs

The Company capitalizes software projects developed for commercial use. The Company recorded capitalized software costs during 2021 and 2020 as follows:

 

 

 

For the year ended December 31,

 

(amounts in thousands)

 

2021

 

 

2020

 

Capitalized software, beginning balance

 

$

2,397

 

 

$

2,147

 

Additions

 

 

 

 

 

929

 

Impairment

 

 

 

 

 

(855

)

Foreign currency translation

 

 

(20

)

 

 

176

 

Capitalized software

 

$

2,377

 

 

$

2,397

 

 

Schedule of Capitalized Software's Amortization Expense and Accumulated Amortization

Capitalized software amortization periods range from three to five years, and are evaluated periodically for propriety. Amortization expense and accumulated amortization for these projects at December 31, 2021 and 2020 are as follows:

 

 

For the year ended December 31,

 

(amounts in thousands)

 

2021

 

 

2020

 

Accumulated amortization, beginning balance

 

$

1,280

 

 

$

866

 

Amortization expense

 

 

468

 

 

 

414

 

Accumulated amortization

 

$

1,748

 

 

$

1,280