Annual report pursuant to Section 13 and 15(d)

Capitalized Technology

v3.21.1
Capitalized Technology
12 Months Ended
Dec. 31, 2020
Research and Development [Abstract]  
Capitalized Technology

4. Capitalized Technology

 

Capitalized Technology, net is as follows:

 

    December 31,  
    2020     2019  
Capitalized cost:                
Balance, beginning of period   $ 2,165,545     $ 2,163,044  
Additional capitalized cost     3,700       2,501  
Balance, end of period     2,169,245       2,165,545  
                 
Accumulated amortization:                
Balance, beginning of period   $ 2,130,037     $ 1,968,213  
Provision for amortization     13,341       101,448  
Balance, end of period     2,143,378       2,069,661  
Capitalized Technology, net     25,867       95,884  

 

Amortization expense of $13,341 and $101,448 for the years ended December 31, 2020 and 2019, respectively, is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.