Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of estimated useful lives of property and equipment
Depreciation of property and equipment is provided using the straight-line method based on the following estimated useful lives:

  Years
Computer equipment
3 - 5
Computer software 3
Furniture and fixtures
5 - 10
Leasehold improvements 5
Website development 2
Property and equipment consisted of the following at March 31, 2022 and December 31, 2021 (dollars in thousands):
 
March 31, 2022 December 31, 2021
Computer software $ 1,253  $ 1,253 
Computer equipment 9,156  9,063 
Furniture and fixtures 1,248  1,181 
Leasehold improvements 1,890  1,478 
Total 13,547  12,975 
Less: accumulated depreciation and amortization (10,258) (9,965)
Property and equipment, net $ 3,289  $ 3,010 
Schedule of estimated useful lives of identified intangible assets The identified intangible assets are being amortized using the straight-line method based on the following estimated useful lives:
Years
Marketing-based 7
Technology-based
4 - 10
Customer-based
7 - 16
Trademark-based 4
Workforce-based 10
Identified intangible assets consisted of the following at March 31, 2022 (dollars in thousands):

Cost Accumulated
Amortization
Carrying
Amount
Weighted Average
Remaining Life
(In Years)
Marketing-based $ 1,400  $ (1,272) $ 128  1.71
Technology-based 18,300  (16,317) 1,983  1.98
Customer-based 27,700  (11,025) 16,675  8.12
Workforce-based 380  (43) 337  8.85
$ 47,780  $ (28,657) $ 19,123 
Identified intangible assets consisted of the following at December 31, 2021 (dollars in thousands):
Cost Accumulated
Amortization
Carrying
Amount
Weighted Average
Remaining Life
(In Years)
Marketing-based $ 1,400  $ (1,253) $ 147  1.96
Technology-based 18,300  (15,791) 2,509  2.01
Customer-based 27,700  (10,506) 17,194  8.37
Workforce-based 380  (35) 345  9.10
$ 47,780  $ (27,585) $ 20,195