Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology (Tables)

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Capitalized Technology (Tables)
3 Months Ended
Mar. 31, 2014
Capitalized Technology [Abstract]  
Schedule of Capitalized Technology
Capitalized Technology, net is as follows:
 
   
March 31,
2014
   
December 31,
2013
 
Capitalized cost:
           
Balance, beginning of period
  $ 1,289,099     $ 734,291  
Additional capitalized cost
    48,313       354,808  
Purchased technology
    -       200,000  
Balance, end of period
  $ 1,337,412     $ 1,289,099  
                 
Accumulated amortization:
               
Balance, beginning of period
  $ 596,588     $ 331,401  
Provision for amortization
    85,026       265,187  
Balance, end of period
  $ 681,614     $ 596,588  
Capitalized Technology, net
  $ 655,798     $ 692,511