Annual report pursuant to Section 13 and 15(d)

Capitalized Technology

v3.3.1.900
Capitalized Technology
12 Months Ended
Dec. 31, 2015
Capitalized Technology [Abstract]  
Capitalized Technology

6. Capitalized Technology

 

Capitalized Technology, net is as follows:

 

December 31,

2015

 

2014

 

Capitalized cost:

     

Balance, beginning of period

$ 1,469,413     $ 1,289,099  

Additional capitalized cost

    419,359       180,314  

Balance, end of period

  $ 1,888,772     $ 1,469,413  
                 

Accumulated amortization:

               

Balance, beginning of period

  $ 943,343     $ 596,588  

Provision for amortization

    488,906       346,755  

Balance, end of period

  $ 1,432,249     $ 943,343  

Capitalized Technology, net

  $ 456,523     $ 526,070  

 

Amortization expense of $488,906 and $346,755 for the years ended December 31, 2015 and 2014, respectively, is recorded in depreciation and amortization expense in the accompanying statement of comprehensive loss.