Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

v3.21.2
Capitalized Technology
 6 Months Ended
Jun. 30, 2021
Research and Development [Abstract]  
Capitalized Technology

5. Capitalized Technology

 

Capitalized Technology, net is as follows:

 

    June 30, 2021     December 31, 2020  
Capitalized cost:                
Balance, beginning of period   $ 2,169,245     $ 2,169,245  
Additional capitalized cost     23,569       -  
Balance, end of period     2,192,814       2,169,245  
                 
Accumulated amortization:                
Balance, beginning of period   $ 2,143,378     $ 2,130,037  
Provision for amortization     18,896       13,341  
Balance, end of period     2,162,274       2,143,378  
Capitalized Technology, net     30,540       25,867  

 

For the three months ended June 30, 2021 and 2020, amortization expense was approximately $9,100 and $3,700, and was approximately $18,900 and $10,000 for the six months ended June 30, 2021 and 2020, Amortization of capitalized technology is recorded in depreciation and amortization expense in the accompanying statements of operations.