CAPITALIZED SOFTWARE COSTS - Note 6

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

CAPITALIZED SOFTWARE COSTS - Note 6

6. CAPITALIZED SOFTWARE COSTS

Capitalized software consisted of the following (in thousands):

Other Long-Term Assets

		March 31,
		2017		2016
Capitalized projects in service	$	1,804	$	-
Capitalized projects in process		6,461		2,753
Accumulated amortization		(588)		-
Total capitalized software costs	$	7,677	$	2,753
Application development stage costs capitalized during the year	$	5,516	$	2,095

Application development stage costs capitalized during the year in other long-term assets consists of cost related to both completed and in-process costs capitalized in accordance with ASC 350-40.

Property and Equipment

		March 31,
		2017		2016
Capitalized projects in service	$	2,904	$	1,183
Capitalized projects in process		689		967
Accumulated amortization		(871)		(250)
Total capitalized software costs	$	2,722	$	1,900
Application development stage costs capitalized during the year	$	1,452	$	756

Application development stage costs capitalized during the year in other property and equipment consists of cost related to both completed and in-process costs capitalized in accordance with ASC 350-40.