Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

9 Months Ended

Sep. 30, 2019

4. Capitalized Technology

Capitalized technology, net is as follows:

	September 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		76,033		78,470
Balance, end of period	$	2,044,246	$	1,968,211
Capitalized Technology, net	$	121,298	$	194,833

Amortization expense of approximately $25,000 and $21,000 for the three months ended September 30, 2019 and 2018, respectively, and approximately $76,000 and $55,000 for the nine months ended September 30, 2019 and 2018, respectively, is recorded in depreciation and amortization expenses in the accompanying condensed consolidated statements of operations and comprehensive loss.