Annual report pursuant to Section 13 and 15(d)

Capitalized Technology

Capitalized Technology

12 Months Ended

Dec. 31, 2020

4. Capitalized Technology

Capitalized Technology, net is as follows:

	December 31,
	2020		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	$	2,130,037	$	1,968,213
Provision for amortization		13,341		101,448
Balance, end of period		2,143,378		2,069,661
Capitalized Technology, net		25,867		95,884

Amortization expense of $13,341 and $101,448 for the years ended December 31, 2020 and 2019, respectively, is recorded in depreciation and amortization expense in the accompanying consolidated statements of operations.