v3.24.1.u1
Capitalized Software
3 Months Ended
Mar. 31, 2024
Research and Development [Abstract]  
Capitalized Software
Note 9. Capitalized Software
Capitalized software consisted of the following as of:
March 31,December 31,
20242023
(in thousands)
Capitalized software$61,428 $64,137 
Less: accumulated amortization(21,806)(21,626)
Capitalized software, net$39,622 $42,511 
Amortization expense was $2.5 million and $1.8 million for the three months ended March 31, 2024 and 2023, respectively. During the ordinary course of business, the Company may determine that certain capitalized features of its software will no longer be used either internally or to deliver value to its customers. During the three months ended March 31, 2023 the Company recorded a $0.3 million charge related to capitalized costs associated with abandoned projects, which was included in general and administrative expense on the unaudited condensed consolidated statements of operations and comprehensive loss. The Company did not have similar charges for the three months ended March 31, 2024.