Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

6 Months Ended

Jun. 30, 2019

4. Capitalized Technology

Capitalized technology, net is as follows:

	June 30, 2019		December 31, 2018
Capitalized cost:
Balance, beginning of period	$	2,163,044	$	2,043,122
Additional capitalized cost		2,500		119,922
Balance, end of period	$	2,165,544	$	2,163,044

Accumulated amortization:
Balance, beginning of period	$	1,968,213	$	1,889,741
Provision for amortization		50,618		78,472
Balance, end of period	$	2,018,831	$	1,968,213
Capitalized Technology, net	$	146,713	$	194,831

Amortization expense of approximately $25,000 and $15,000 for the three months ended June 30, 2019 and 2018, respectively, and approximately $51,000 and $34,000 for the six months ended June 30, 2019 and 2018, respectively, is recorded in depreciation and amortization expenses in the accompanying condensed consolidated statements of operations and comprehensive loss.