Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

v3.19.3
Capitalized Technology
9 Months Ended
Sep. 30, 2019
Research and Development [Abstract]  
Capitalized Technology

4. Capitalized Technology

 

Capitalized technology, net is as follows:

 

   

September 30,

2019

   

December 31,

2018

 
Capitalized cost:                
Balance, beginning of period   $ 2,163,044     $ 2,043,122  
Additional capitalized cost     2,500       119,922  
Balance, end of period   $ 2,165,544     $ 2,163,044  
                 
Accumulated amortization:                
Balance, beginning of period   $ 1,968,213     $ 1,889,741  
Provision for amortization     76,033       78,470  
Balance, end of period   $ 2,044,246     $ 1,968,211  
Capitalized Technology, net   $ 121,298     $ 194,833  

 

Amortization expense of approximately $25,000 and $21,000 for the three months ended September 30, 2019 and 2018, respectively, and approximately $76,000 and $55,000 for the nine months ended September 30, 2019 and 2018, respectively, is recorded in depreciation and amortization expenses in the accompanying condensed consolidated statements of operations and comprehensive loss.