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INTANGIBLE ASSETS AND GOODWILL
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
Intangible assets consist of the following as of December 31, 2024 and December 31, 2023:
(In thousands)December 31, 2024December 31, 2023
Capitalized software
$35,681 $26,895 
Acquired technology1,007 — 
Other intangible assets
117 117 
Total intangible assets
36,805 27,012 
Less: accumulated amortization(16,906)(11,017)
Intangible assets, net$19,899 $15,995 
The Company capitalized $9,024 and $10,394 of software development costs, with the majority of the costs being employee wages, during the years ended December 31, 2024 and 2023, respectively. The Company recognized $238 and $0 of impairment of capitalized software in Research and Development within the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss), during the years ended December 31, 2024 and 2023, respectively, which represents an impairment to write-off the capitalization of an internal-use software project prior to being launched to the user base. Amortization expense is included within the following financial statement line items within the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss).
Year Ended December 31,
(In thousands)202420232022
Cost of revenues$5,310 $2,020 $870 
Sales and marketing
579 975 882 
Total
$5,889 $2,995 $1,752 
The estimated future amortization expense of capitalized software and acquired technology with definite lives as of December 31, 2024 was as follows:
(In thousands)Amortization Expense
2025$8,493 
20266,991 
20273,750 
2028234 
2029157 
Thereafter157 
Total estimated future amortization expense$19,782 

The following table represents the changes to goodwill during the twelve months ended December 31, 2024:
Carrying amount
Balance as of December 31, 2023
$4,050 
Acquisitions6,488 
Balance as of December 31, 2024
$10,538 
As of December 31, 2024 and December 31, 2023, $6,923 and $3,713 of goodwill is deductible for tax purposes, respectively.