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CAPITALIZED SOFTWARE
12 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Capitalized Software

Capitalized software consists of the following as of September 30, 2019 and September 30, 2018:

 

   September 30, 2019  September 30, 2018
mVSO software  $352,211   $4,708,203
MPulse software   741,846    6,334,772
Less: accumulated amortization   (38,860)   (2,256,749)
Capitalized Software, net  $1,055,197   $8,786,226

 

 

In accordance with ASC 985-20 the Company capitalized $637,792 in software development costs (including capitalized stock compensation cost of $68,750) related to the enhancements created for our mPulse and mVSO platforms during the year ended September 30, 2019.

 

Capitalized software amortization recorded as product development expense for the years ended September 30, 2019 and 2018 was $1,453,635 and $1,379,483, respectively.

 

During the year ended September 30, 2019, the Company recorded an impairment of $6,915,186 related directly to components of our original software that were replaced.