Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology (Tables)

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Capitalized Technology (Tables)
6 Months Ended
Jun. 30, 2013
Capitalized Technology [Abstract]  
Schedule of Capitalized Technology
Capitalized Technology, net is as follows:
 
   
June 30, 
2013
   
December 31,
2012
 
Capitalized cost:
           
Balance, beginning of period
  $ 734,291     $ 376,044  
Additional capitalized cost
    164,875       358,247  
Purchased technology
    200,000       -  
Balance, end of period
  $ 1,099,166     $ 734,291  
                 
Accumulated amortization:
               
Balance, beginning of period
  $ 331,401     $ 229,897  
Provision for amortization
    107,620       101,504  
Balance, end of period
  $ 439,021     $ 331,401  
Net Capitalized Technology
  $ 660,145     $ 402,890