Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

3 Months Ended

Mar. 31, 2017

4. Capitalized Technology

Capitalized technology, net is as follows:

	March 31, 2017		December 31, 2016
Capitalized cost:
Balance, beginning of period	$	1,888,791	$	1,888,791
Additional capitalized cost		10,692		-
Balance, end of period	$	1,899,483	$	1,888,791


Accumulated amortization:
Balance, beginning of period	$	1,715,423	$	1,432,268
Provision for amortization		75,652		283,155
Balance, end of period	$	1,791,075	$	1,715,423
Capitalized Technology, net	$	108,408	$	173,368

Amortization expense of $75,652 and $108,329 for the three months ended March 31, 2017 and 2016, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of operations and comprehensive loss.