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Capitalized Software (Tables)
12 Months Ended
Dec. 31, 2020
Capitalized Software  
Schedule of estimated amortization expense

Estimated amortization expense for the years ending December 31, 2021 through December 31, 2023 is as follows:

Year:

    

Amortization Expense

2021

$

4,195,131

2022

 

2,804,127

2023

 

1,055,109

Schedule of capitalized software balances

2020

2019

    

    

Accumulated

    

    

    

Accumulated

    

Gross Amount

Amortization

Net Amount

Gross Amount

Amortization

Net Amount

Capitalized software

$

18,638,249

$

(10,583,882)

$

8,054,367

$

12,461,245

$

(6,592,330)

$

5,868,915