Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

6 Months Ended

Jun. 30, 2017

4. Capitalized Technology

Capitalized technology, net is as follows:

	June 30, 2017		December 31, 2016
Capitalized cost:
Balance, beginning of period	$	1,888,791	$	1,888,791
Additional capitalized cost		70,282		-
Balance, end of period	$	1,959,073	$	1,888,791


Accumulated amortization:
Balance, beginning of period	$	1,715,423	$	1,432,268
Provision for amortization		112,897		283,155
Balance, end of period	$	1,828,320	$	1,715,423
Capitalized Technology, net	$	130,753	$	173,368

Amortization expense of approximately $37,200 and $45,200 for the three months ended June 30, 2017 and 2016, respectively, and approximately $112,900 and $153,600 for the six months ended June 30, 2017 and 2016, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of operations and comprehensive loss.