Annual report pursuant to Section 13 and 15(d)

Capitalized Technology (Tables)

v2.4.0.8
Capitalized Technology (Tables)
12 Months Ended
Dec. 31, 2013
Capitalized Technology [Abstract]  
Schedule of Capitalized Technology
Capitalized technology, net is as follows:
 
   
December 31,
 
   
2013
   
2012
 
Capitalized cost:
           
Balance, beginning of period
  $ 734,291     $ 376,044  
Additional capitalized cost
    354,808       358,247  
Purchased technology
    200,000       -  
Balance, end of period
  $ 1,289,099     $ 734,291  
                 
Accumulated amortization:
               
Balance, beginning of period
  $ 331,401     $ 229,897  
Provision for amortization
    265,187       101,504  
Balance, end of period
  $ 596,588     $ 331,401  
Net Capitalized technology
  $ 692,511     $ 402,890