Quarterly report pursuant to Section 13 or 15(d)

Capitalized Technology

Capitalized Technology

9 Months Ended

Sep. 30, 2017

4. Capitalized Technology

Capitalized technology, net is as follows:

	September 30, 2017		December 31, 2016
Capitalized cost:
Balance, beginning of period	$	1,888,791	$	1,888,791
Additional capitalized cost		122,597		-
Balance, end of period	$	2,011,388	$	1,888,791


Accumulated amortization:
Balance, beginning of period	$	1,715,423	$	1,432,268
Provision for amortization		154,392		283,155
Balance, end of period	$	1,869,815	$	1,715,423
Capitalized Technology, net	$	141,573	$	173,368

Amortization expense of approximately $41,000 and $62,000 for the three months ended September 30, 2017 and 2016, respectively, and approximately $154,000 and $216,000 for the nine months ended September 30, 2017 and 2016, respectively, is recorded in depreciation and amortization expense in the accompanying condensed consolidated statements of operations and comprehensive loss.