Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology (Tables)

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Capitalized Technology (Tables)
9 Months Ended
Sep. 30, 2013
Capitalized Technology [Abstract]  
Schedule of Capitalized Technology
Capitalized Technology, net is as follows:
 
   
September 30,
2013
   
December 31,
2012
 
Capitalized cost:
           
Balance, beginning of period
  $ 734,291     $ 376,044  
Additional capitalized cost
    243,325       358,247  
Purchased technology
    200,000       -  
Balance, end of period
  $ 1,177,616     $ 734,291  
                 
Accumulated amortization:
               
Balance, beginning of period
  $ 331,401     $ 229,897  
Provision for amortization
    169,475       101,504  
Balance, end of period
  $ 500,876     $ 331,401  
Net Capitalized Technology
  $ 676,740     $ 402,890