5. Software, Net

Software consisted of the following as of the periods indicated:

	As of December 31,
	2018			2017
Intangible asset – Robo-Advisor	$	763,000		$	—
Other purchased software		459,000			97,000
Total Software		1,222,000			97,000
Less accumulated amortization – Robo-Advisor		—			—
Less accumulated amortization – Other purchased software		(85,000	)		(13,000	)
Total Software, net	$	1,137,000		$	84,000

The Company generally recognizes software initially at cost and amortize 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 KCAT. The Company estimates future amortization related to all software assets of $398,000, $398,000 and $341,000 in the years ending December 31, 2019, 2020, and 2021, respectively.