Quarterly report pursuant to Section 13 or 15(d)

Capitalized Software, Net

v3.20.2
Capitalized Software, Net
9 Months Ended
Sep. 30, 2020
Capitalized Software, Net  
Capitalized Software, Net

Note 4.  Capitalized Software, Net

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

 

 

 

 

 

 

 

 

 

    

September 30, 2020

    

December 31, 2019

 

 

(Unaudited)

 

 

 

Software development

 

$

840,400

 

$

499,300

Total capitalized software

 

 

840,400

 

 

499,300

Accumulated amortization

 

 

(118,614)

 

 

(34,458)

Total capitalized software, net

 

$

721,786

 

$

464,842

 

Amortization expense for capitalized software was approximately $36,000 and $12,000 for the three months ended September 30, 2020 and 2019, respectively, and $84,000 and $23,000 for the nine months ended September 30, 2020 and 2019, respectively.