Annual report pursuant to Section 13 and 15(d)

Software Development Costs, Net

v3.8.0.1
Software Development Costs, Net
12 Months Ended
Dec. 31, 2017
Research and Development [Abstract]  
Software Development Costs, Net
Note 5 — Software Development Costs, Net
 
 
 
December 31,
2017
 
December 31,
2016
 
 
 
 
 
 
 
 
 
Software Development Costs
 
$
859,351
 
$
859,351
 
Less: Accumulated Amortization
 
 
(859,351)
 
 
(644,513)
 
Additions
 
 
408,723
 
 
 
 
 
 
 
 
 
 
 
Software Development Costs, Net
 
$
408,723
 
$
214,838
 
 
Total amortization expense for capitalized software development costs for the years ended December 31, 2017, 2016 and 2015 was $214,838, $286,450 and $286,450, respectively. These costs are being amortized over 3 years and have been included in Cost of Sales – Products in the Consolidated Statement of Operations. The software development was completed in September 2014 and was fully amortized as of September 30, 2017. During the year ended December 31, 2017 new software development related costs totaling $408,723 were capitalized.