Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

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Capitalized Technology
9 Months Ended
Sep. 30, 2015
Capitalized Technology [Abstract]  
Capitalized Technology

5. Capitalized Technology

 

Capitalized Technology, net is as follows:

 

September 30,
2015

 

Capitalized cost:

 

Balance, beginning of period

$ 1,469,413  

Additional capitalized cost

  393,385  

Balance, end of period

  $ 1,862,798  
         

Accumulated amortization:

       

Balance, beginning of period

  $ 943,343  

Provision for amortization

    335,585  

Balance, end of period

  $ 1,278,928  

Capitalized technology, net

  $ 583,870  

 

Amortization expense of  $153,984 and $84,614 for the three months ended September 30, 2015 and 2014, respectively, and $335,585 and $258,747 for the nine months ended September 30, 2015 and 2014, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of comprehensive loss.