Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

3 Months Ended

Mar. 31, 2021

5. Capitalized Technology

Capitalized Technology, net is as follows:

	March 31, 2021		December 31, 2020
Capitalized cost:
Balance, beginning of period	$	2,169,245	$	2,169,245
Additional capitalized cost		3,470		-
Balance, end of period		2,172,715		2,169,245

Accumulated amortization:
Balance, beginning of period	$	2,143,378	$	2,130,037
Provision for amortization		9,755		13,341
Balance, end of period		2,153,132		2,143,378
Capitalized Technology, net		19,582		25,867

For the three months ended March 31, 2021 and 2020, amortization expense was approximately $10,000 and $13,000, respectively, and is recorded in depreciation and amortization expense in the accompanying statements of operations.