Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

3 Months Ended

Mar. 31, 2020

4. Capitalized Technology

Capitalized Technology, net is as follows:

	March 31, 2020		December 31, 2019
Capitalized cost:
Balance, beginning of period	$	2,165,545	$	2,163,044
Additional capitalized cost		3,700		2,501
Balance, end of period		2,169,245		2,165,545

Accumulated amortization:
Balance, beginning of period	$	2,087,886	$	1,968,213
Provision for amortization		6,607		101,448
Balance, end of period		2,094,493		2,069,661
Capitalized Technology, net		74,752		95,884

For the three months ended March 31, 2020 and 2019, amortization expense was $6,605 and $25,000, respectively, and is recorded in depreciation and amortization expense in the accompanying statements of operations.