Annual report pursuant to Section 13 and 15(d)

5. Software Development Costs (Tables)

v3.19.1
5. Software Development Costs (Tables)
12 Months Ended
Dec. 31, 2018
Research and Development [Abstract]  
Software Development Costs

The following table presents details of our software development costs for the years ended December 31, 2018 and 2017:

 

    December 31, 2018   December 31, 2017
    Gross
Carrying
Amount
  Accumulated
Amortization
  Net Carrying
Amount
  Weighted
Average
Useful
Life
(Years)
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net Carrying
Amount
  Weighted
Average
Useful
Life
(Years)
Software Development Costs   $ 1,781,902      $ (1,239,408)     $ 542,495      2      $ 886,539      $ (597,616)     $       288,923                  2
    $ 1,781,902      $ (1,239,408)     $ 542,495          $ 886,539      $ (597,616)     $       288,923    
Future Amortization Software

The estimated future amortization expense of software development costs as of December 31, 2018 is as follows:

 

 

Year ending December 31,   Amount
2019   $ 390,936   
2020     151,559   
2021     -   
2022     -   
2023     -   
Thereafter     -   
Total   $ 542,495