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OTHER ASSETS
 12 Months Ended
Dec. 31, 2024
Other Assets [Abstract]  
OTHER ASSETS OTHER ASSETS
A summary of other assets as of December 31, 2024 and 2023 is as follows (in thousands):

 
 December 31,
 20242023
Long term software implementation costs$9,232 $5,446 
Long term deposit1,552 1,185 
Escrow fund1,350 266 
Deferred financing charges693 267 
Non-current income tax receivable119 119 
Other non-current assets481 564
Other assets$13,427 $7,847 
As of December 31, 2024, the Company had $19.0 million of gross capitalized cloud-based software implementation costs and $8.9 million of related accumulated amortization, for a net balance of $10.1 million, consisting of $0.9 million recorded within Prepaid expenses and other current assets, and $9.2 million recorded within Other assets (included in the table above) on the Company’s consolidated balance sheets.

As of December 31, 2023, the Company had $13.7 million of gross capitalized cloud-based software implementation costs and $6.6 million of related accumulated amortization, for a net balance of $7.1 million, consisting of $1.7 million recorded within Prepaid expenses and other current assets, and $5.4 million recorded within Other assets (included in the table above) on the Company’s consolidated balance sheets.
For the years ended December 31, 2024 and 2023, the Company amortized $2.3 million and $2.9 million, respectively, of cloud-based software implementation costs.