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Platform Development
 12 Months Ended
Dec. 31, 2024
Platform Development  
Platform Development

8. Platform Development

 

Platform development costs are summarized as follows:

 

   2024   2023 
   As of December 31, 
   2024   2023 
Platform development  $31,434   $26,054 
Less accumulated amortization   (23,319)   (17,331)
Net platform development  $8,115   $8,723 

 

A summary of platform development activity is as follows:

 

   As of December 31, 
   2024   2023 
Platform development beginning of year  $26,054   $21,493 
Payroll-based costs capitalized   5,121    3,773 
Less dispositions   -    (164)
Total capitalized payroll-based costs   31,175    25,102 
Stock-based compensation   259    1,016 
Impairments   -    (64)
Platform development end of year  $31,434   $26,054 

 

Amortization expense for platform development for the years ended December 31, 2024 and 2023 was $5,988 and $6,332, respectively. Amortization expense for platform development is included in cost of revenue on the consolidated statements of operations and comprehensive loss. Impairment charges for platform development for the years ended December 31, 2024 and 2023 of $0 and $64, respectively, have been recorded on the consolidated statements of operations and comprehensive loss.