Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Asset

    Fixed assets are recorded at cost, net of accumulated depreciation. Depreciation and amortization are recognized using the straight-line method over the estimated useful lives of the assets. The following table provides the range of estimated useful lives used for each asset type:

 

   

Useful Life

(years)

Computer software   3 - 5
Installed products   3 - 5
Computers and electronic equipment   3 - 10
Furniture and fixtures   5 - 7
Leasehold improvements   Shorter of useful life or lease term

Schedule of Fair Value of Financial Instruments

The fair value of the Company’s long term debt is based on observable relevant market information and future cash flows discounted at current rates, which are Level 2 measurements.

 

    December 31, 2019  
   

Carrying

Amount

   

Fair

Value

 
Long term debt   $ 29,203     $ 29,203