Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

9 Months Ended

Sep. 30, 2018

4. Capitalized Technology

Capitalized technology, net is as follows:

	September 30, 2018		December 31, 2017
Capitalized cost:
Balance, beginning of period	$	2,043,122	$	1,860,558
Additional capitalized cost		88,868		182,564
Balance, end of period	$	2,131,990	$	2,043,122


Accumulated amortization:
Balance, beginning of period	$	1,889,741	$	1,698,954
Provision for amortization		54,991		190,787
Balance, end of period	$	1,944,732	$	1,889,741
Capitalized Technology, net	$	187,258	$	153,381

Amortization expense were approximately $21,000 and $39,000 for the three months ended September 30, 2018 and 2017, respectively, and approximately $55,000 and $147,000 for the nine months ended September 30, 2018 and 2017, respectively, and are recorded in depreciation and amortization expenses in the accompanying condensed consolidated statements of operations and comprehensive loss.