Annual report pursuant to Section 13 and 15(d)

Capitalized Technology

v3.20.1
Capitalized Technology
12 Months Ended
Dec. 31, 2019
Research and Development [Abstract]  
Capitalized Technology

5. Capitalized Technology

 

Capitalized Technology, net is as follows:

 

    December 31,  
    2019     2018  
Capitalized cost:                
Balance, beginning of period   $ 2,163,044     $ 2,043,122  
Additional capitalized cost     2,501       119,924  
Balance, end of period   $ 2,165,545     $ 2,163,046  
                 
Accumulated amortization:                
Balance, beginning of period   $ 1,968,213     $ 1,889,741  
Provision for amortization     101,448       78,472  
Balance, end of period   $ 2,069,661     $ 1,968,213  
Capitalized Technology, net   $ 95,884     $ 194,833  

 

Amortization expense of $101,448 and $78,472 for the years ended December 31, 2019 and 2018, respectively, is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.