Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

9 Months Ended

Sep. 30, 2020

4. Capitalized Technology

Capitalized Technology, net is as follows:

	September 30,		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	$	2,119,279	$	1,968,213
Provision for amortization		12,099		101,448
Balance, end of period		2,131,378		2,069,661
Capitalized Technology, net		37,867		95,884

For the three months ended September 30, 2020 and 2019, amortization expense was approximately $1,770 and $25,000, and was approximately $12,000 and $76,000 for the nine months ended September 30, 2020 and 2019. Amortization of capitalized technology is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of operations.