Annual report pursuant to Section 13 and 15(d)

Software Development Costs (Tables)

v3.21.1
Software Development Costs (Tables)
12 Months Ended
Dec. 31, 2020
Software Development Costs [Abstract]  
Software Development Costs

The following table presents details of our software development costs for the years ended December 31, 2020 and 2019:







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

December 31, 2019

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)

$

2,266,272 

 

$

(1,826,364)

 

$

439,908 

 

 

$

2,245,811 

 

$

(1,549,144)

 

$

696,667 

 

$

2,266,272 

 

$

(1,826,364)

 

$

439,908 

 

 

 

$

2,245,811 

 

$

(1,549,144)

 

$

696,667 

 

 



Future Amortization of Software

The estimated future amortization expense of software development costs as of December 31, 2020 is as follows:







 

 



 

 

Year ending December 31,

Amount

2021

 

345,643 

2022

 

94,265 

2023

 

 —

2024

 

 —

2025

 

 —

Thereafter

 

 —

Total

$

439,908