PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 7 - PROPERTY AND EQUIPMENT

Property and equipment and related depreciable useful lives as of December 31, 2019 and 2018 are composed of the following:

	2019			2018
Furniture and equipment: 2-5 years	$	7,851		$	5,922
Software development costs	7,529			4,773
Software: 3-5 years	3,970			6,037
Leasehold improvements: shorter of the lease term or life of the improvement	1,221			2,118
Internal support equipment: 2-4 years	—			696
Finance leases: lease term or life of the asset	—			178
Total property and equipment	20,571			19,724
Less accumulated depreciation and amortization	(12,704		)	(13,290		)
Property and equipment, net	$	7,867		$	6,434

We record the amortization of our finance leases as depreciation expense on our Consolidated Statements of Comprehensive Loss. Depreciation and amortization expenses relating to property and equipment were approximately $2,370 and $2,181 for 2019 and 2018, respectively.

We acquired software development costs from prior acquisitions and we continue to invest in software development. We are developing products which we intend to offer utilizing software as-a-service (“SaaS”). We follow the guidance of ASC 350-40, Intangibles- Goodwill and Other- Internal Use Software, for development costs related to these new products. Costs incurred in the planning stage are expensed as incurred while costs incurred in the application and infrastructure stage are capitalized, assuming such costs are deemed to be recoverable. Costs incurred in the operating stage are generally expensed as incurred except for significant upgrades and enhancements. Capitalized software costs are amortized over the software’s estimated useful life, which management has determined to be three years. During the years ended December 31, 2019 and 2018, we capitalized $2,756 and $2,711 of software development costs, respectively.