Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology (Tables)

v2.4.0.8
Capitalized Technology (Tables)
9 Months Ended
Sep. 30, 2014
Capitalized Technology [Abstract]  
Schedule of Capitalized Technology
Capitalized Technology, net is as follows:
 
   

September 30,

2014
   
December 31,
2013
 
Capitalized cost:
       
Balance, beginning of period
  $ 1,289,099     $ 734,291  
Additional capitalized cost
    125,291       354,808  
Purchased technology
    -       200,000  
Balance, end of period
  $ 1,414,390     $ 1,289,099  
                 
Accumulated amortization:
               
Balance, beginning of period
  $ 596,588     $ 331,401  
Provision for amortization
    258,747       265,187  
Balance, end of period
  $ 855,335     $ 596,588  
Capitalized Technology, net
  $ 559,055     $ 692,511