Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

v3.7.0.1
Capitalized Technology
6 Months Ended
Jun. 30, 2017
Research and Development [Abstract]  
Capitalized Technology
4. Capitalized Technology
 
Capitalized technology, net is as follows:
 
 
June 30,
2017
   
December 31,
2016
 
Capitalized cost:
           
Balance, beginning of period
 
$
1,888,791
   
$
1,888,791
 
Additional capitalized cost
   
70,282
     
-
 
Balance, end of period
 
$
1,959,073
   
$
1,888,791
 
 
               
 
               
Accumulated amortization:
               
Balance, beginning of period
 
$
1,715,423
   
$
1,432,268
 
Provision for amortization
   
112,897
     
283,155
 
Balance, end of period
 
$
1,828,320
   
$
1,715,423
 
Capitalized Technology, net
 
$
130,753
   
$
173,368
 
 
Amortization expense of approximately $37,200 and $45,200 for the three months ended June 30, 2017 and 2016, respectively, and approximately $112,900 and $153,600 for the six months ended June 30, 2017 and 2016, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of operations and comprehensive loss.