Software Development Costs, Net
|12 Months Ended|
Dec. 31, 2015
|Research and Development [Abstract]|
|Software Development Costs, Net||
Note 5 Software Development Costs, Net
Total amortization expense for capitalized software development costs for the years ending December 31, 2015 was $286,450 and $71,613 for 2014. These costs are being amortized over 3 years and have been included in Cost of Sales Products on the Consolidated Statement of Operations. The software was completed in September 2014. The estimated aggregate annual amortization expense for the year ending December 31, 2016 is approximately $286,000, and is approximately $215,000 in the year ending December 31, 2017.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef