Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

v2.4.0.8
Capitalized Technology
6 Months Ended
Jun. 30, 2014
Capitalized Technology [Abstract]  
Capitalized Technology
4. Capitalized Technology
 
Capitalized Technology, net is as follows:
 
   
June 30,
2014
   
December 31,
2013
 
Capitalized cost:
           
Balance, beginning of period
 
$
1,289,099
   
$
734,291
 
Additional capitalized cost
   
97,918
     
354,808
 
Purchased technology
   
-
     
200,000
 
Balance, end of period
 
$
1,387,017
   
$
1,289,099
 
                 
Accumulated amortization:
               
Balance, beginning of period
 
$
596,588
   
$
331,401
 
Provision for amortization
   
174,133
     
265,187
 
Balance, end of period
 
$
770,721
   
$
596,588
 
Capitalized Technology, net
 
$
616,296
   
$
692,511
 
 
Amortization expense of $89,107 and $56,125 for the three months ended June 30, 2014 and 2013, respectively, and $174,133 and $107,619 for the six months ended June 30, 2014 and 2013, respectively, is recorded in depreciation and amortization expense in the accompanying condensed statements of comprehensive loss.