Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

6 Months Ended

Jun. 30, 2015

5. Capitalized Technology

Capitalized Technology, net is as follows:

	June 30, 2015
Capitalized cost:
Balance, beginning of period	$	1,469,413
Additional capitalized cost		231,437
Balance, end of period	$	1,700,850

Accumulated amortization:
Balance, beginning of period	$	943,343
Provision for amortization		181,601
Balance, end of period	$	1,124,944
Capitalized technology, net	$	575,906

Amortization expense of $90,663 and $89,107 for the three months ended June 30, 2015 and 2014, respectively, and $181,601 and $174,133 for the six months ended June 30, 2015 and 2014, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of comprehensive loss.

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

+ References + Details