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Software, Net

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Software, Net

6. Software, Net

Software consisted of the following as of the periods indicated:

		As of December 31,
		2019				2018
Robo-Advisor		$	763,000			$	763,000
Other Software			1,771,000				459,000
Total Software			2,534,000				1,222,000
Less accumulated amortization – Robo-Advisor			(254,000	)			—
Less accumulated amortization – Other software			(392,000	)			(85,000	)
Total Software, net		$	1,888,000			$	1,137,000

The Company generally recognizes software initially at cost and amortizes it over the estimated useful life of 3 years. In line with the Company’s policy, the basis for determining the amount capitalized for the Robo-Advisor software was determined based on the price paid to acquire STCH. As of December 31, 2019, the Company estimates future amortization of software assets of $852,000, $747,000, $269,000, and $20,000 in the years ended December 31, 2020, 2021, 2022, and 2023, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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