Quarterly report pursuant to Section 13 or 15(d)

Capitalized Software, Net

v3.20.2
Capitalized Software, Net
 6 Months Ended
Jun. 30, 2020
Capitalized Software, Net  
Capitalized Software, Net

Note 4.  Capitalized Software, Net

Capitalized software, net consisted of the following at the dates indicated:

 

 

 

 

 

 

 

 

 

    

June 30, 2020

    

December 31, 2019

 

 

(Unaudited)

 

 

 

Software development

 

$

726,700

 

$

499,300

Total capitalized software

 

 

726,700

 

 

499,300

Accumulated amortization

 

 

(82,279)

 

 

(34,458)

Total capitalized software, net

 

$

644,421

 

$

464,842

 

Amortization expense for capitalized software was approximately $37,000 and $11,000 for the three months ended June 30, 2020 and 2019, respectively, and $48,000 and $11,000 for the six months ended June 30, 2020 and 2019, respectively.