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Capitalization of Software for Resale
3 Months Ended
Mar. 31, 2022
Capitalization of Software for Resale  
Capitalization of Software for Resale

Note 5. Capitalization of Software for Resale

 

As of March 31, 2022, there was $730,952 of costs capitalized ($678,973 as of December 31, 2021) and $314,725 of accumulated amortization ($261,323 as of December 31, 2021). During the three months ended March 31, 2022, there was $53,402 of amortization expense recorded ($34,950 in 2021). Costs incurred prior to reaching technological feasibility are expensed as incurred. During the three months ended March 31, 2022, there was approximately $7,800 of labor amounts expensed related to these development costs ($40,800 in 2021).