Annual report pursuant to Section 13 and 15(d)

Capitalized Technology (Tables)

v2.4.1.9
Capitalized Technology (Tables)
12 Months Ended
Dec. 31, 2014
Capitalized Technology [Abstract]  
Schedule of Capitalized Technology

Capitalized technology, net is as follows:

 

December 31,

2014

 

2013

 

Capitalized cost:

     

Balance, beginning of period

$ 1,289,099     $ 734,291  

Additional capitalized cost

    180,314       354,808  

Purchased technology

    -       200,000  

Balance, end of period

  $ 1,469,413     $ 1,289,099  
                 

Accumulated amortization:

               

Balance, beginning of period

  $ 596,588     $ 331,401  

Provision for amortization

    346,755       265,187  

Balance, end of period

  $ 943,343     $ 596,588  

Capitalized Technology, net

  $ 526,070     $ 692,511