XML 21 R11.htm IDEA: XBRL DOCUMENT v3.22.2.2
Capitalization of Software for Resale
9 Months Ended
Sep. 30, 2022
Capitalization of Software for Resale  
Capitalization of Software for Resale

Note 5. Capitalization of Software for Resale

 

As of September 30, 2022, there were $844,410 of costs capitalized ($678,973 as of December 31, 2021) and $421,528 of accumulated amortization ($261,323 as of December 31, 2021). During the three and nine months ended September 30, 2022, there was $53,402 and $160,205 respectively, of amortization expense recorded ($42,291 and $117,085 respectively, for the three and nine months ended September 30, 2021). Costs incurred prior to reaching technological feasibility are expensed as incurred. During the three and nine months ended September 30, 2022, there was approximately $55,100 and $165,400, respectively, of labor amounts capitalized related to these development costs ($59,200 and $176,200, respectively, for the three and nine months ended September 30, 2021). During the three and nine months ended September 30, 2022, there was approximately $13,405 and $29,521, respectively, of labor amounts expensed related to these development costs ($43,800 and $131,500, respectively, for the three and nine months ended September 30, 2021).