Note 5 - Software Development Costs |
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| Research, Development, and Computer Software Disclosure [Text Block] |
5. Software Development Costs
The Company has capitalized certain costs for software developed or obtained for internal use during the application development stage as it relates to specific contracts. The amounts capitalized include external direct costs of services used in developing internal-use software and for payroll and payroll-related costs of employees directly associated with the development activities
The following table presents details of our software development costs as of September 30, 2022 and December 31, 2021:
Software development costs are being amortized on a straight-line basis over their estimated useful life of years.
Amortization expense for software development costs was $61,764 and $104,870 for the three months ended September 30, 2022 and 2021, respectively.
Amortization expense for software development costs was $207,027 and $309,618 for the nine months ended September 30, 2022 and 2021, respectively.
The estimated future amortization expense of software development costs as of September 30, 2022 is as follows:
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