Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

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

6. Capitalized Technology

 

Capitalized Technology, net is as follows:

    September 30, 2021     December 31, 2020  
Capitalized cost:                
Balance, beginning of period   $ 2,169,245     $ 2,169,245  
Additional capitalized cost     49,970       -  
Balance, end of period   $ 2,219,215     $ 2,169,245  
                 
Accumulated amortization:                
Balance, beginning of period   $ 2,143,378     $ 2,130,037  
Provision for amortization     28,407       13,341  
Balance, end of period     2,171,785       2,143,378  
Capitalized Technology, net   $ 47,430     $ 25,867  

 

For the three months ended September 30, 2021 and 2020, amortization expense was approximately $9,500 and $1,770, and was approximately $28,400 and $12,000 for the nine months ended September 30, 2021 and 2020, Amortization of capitalized technology is recorded in depreciation and amortization expense in the accompanying statements of operations.