Annual report pursuant to Section 13 and 15(d)

Capitalized Technology

Capitalized Technology

12 Months Ended

Dec. 31, 2019

5. Capitalized Technology

Capitalized Technology, net is as follows:

	December 31,
	2019		2018
Capitalized cost:
Balance, beginning of period	$	2,163,044	$	2,043,122
Additional capitalized cost		2,501		119,924
Balance, end of period	$	2,165,545	$	2,163,046

Accumulated amortization:
Balance, beginning of period	$	1,968,213	$	1,889,741
Provision for amortization		101,448		78,472
Balance, end of period	$	2,069,661	$	1,968,213
Capitalized Technology, net	$	95,884	$	194,833

Amortization expense of $101,448 and $78,472 for the years ended December 31, 2019 and 2018, respectively, is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.