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Platform Development
12 Months Ended
Dec. 31, 2025
Platform Development [Abstract]  
Platform Development Platform Development
Platform development costs are summarized as follows:
As of December 31,
20252024
Platform development$38,499 $31,434 
Less accumulated amortization(28,737)(23,319)
Net platform development$9,762 $8,115 
A summary of platform development cost activity is as follows:
As of December 31,
20252024
Platform development beginning of year$31,434 $26,054 
Capitalized costs7,040 5,121 
Total capitalized costs38,474 31,175 
Stock-based compensation25 259 
Platform development end of year$38,499 $31,434 
Amortization expense for platform development for the years ended December 31, 2025 and 2024 was $5,418 and $5,988, respectively. Amortization expense for platform development is included in cost of revenue on the consolidated statements of operations and comprehensive income (loss). No impairment charges for platform development for the years ended
December 31, 2025 or 2024, have been recorded on the consolidated statements of operations and comprehensive income (loss).