Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

3 Months Ended

Mar. 31, 2019

4. Capitalized Technology

Capitalized technology, net is as follows:

	March 31, 2019		December 31, 2018
Capitalized cost:
Balance, beginning of period	$	2,163,044	$	2,043,122
Additional capitalized cost		-		119,922
Balance, end of period	$	2,163,044	$	2,163,044

Accumulated amortization:
Balance, beginning of period	$	1,968,213	$	1,889,741
Provision for amortization		25,206		78,472
Balance, end of period	$	1,993,419	$	1,968,213
Capitalized Technology, net	$	169,625	$	194,831

Amortization expense were approximately $25,000 and $16,000 for the three months ended March 31, 2019 and 2018, respectively, and are recorded in depreciation and amortization expenses in the accompanying condensed consolidated statements of operations and comprehensive loss.