Annual report pursuant to Section 13 and 15(d)

Capitalized Technology

v3.8.0.1
Capitalized Technology
12 Months Ended
Dec. 31, 2017
Research and Development [Abstract]  
Capitalized Technology

5. Capitalized Technology

 

Capitalized Technology, net is as follows:

 

    December 31,  
    2017     2016  
Capitalized cost:                
Balance, beginning of period   $ 1,888,791     $ 1,888,791  
Additional capitalized cost     185,114       -  
Balance, end of period   $ 2,073,905     $ 1,888,791  
                 
Accumulated amortization:                
Balance, beginning of period   $ 1,715,423     $ 1,432,268  
Provision for amortization     200,340       283,155  
Balance, end of period   $ 1,915,763     $ 1,715,423  
Capitalized Technology, net   $ 158,142     $ 173,368  

 

Amortization expense of $200,340 and $283,155 for the years ended December 31, 2017 and 2016, respectively, is recorded in depreciation and amortization expense in the accompanying statement of operations.