Annual report pursuant to Section 13 and 15(d)

Software Development Costs

Software Development Costs
12 Months Ended
Dec. 31, 2021
Software Development Costs [Abstract]  
Software Development Costs 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 balance is included in the net intangible assets on the balance sheet. The following table presents details of our software development costs for the years ended December 31, 2021 and 2020: December 31, 2021 December 31, 2020Gross‎Carrying‎Amount Accumulated‎Amortization Net Carrying‎Amount Weighted‎Average‎Useful‎Life‎(Years) Gross‎Carrying‎Amount Accumulated‎Amortization Net Carrying‎Amount Weighted‎Average‎Useful‎Life‎(Years)$ 2,565,525 $ (2,217,729) $ 347,796 2 $ 2,266,272 $ (1,826,364) $ 439,908 2$ 2,565,525 $ (2,217,729) $ 347,796 $ 2,266,272 $ (1,826,364) $ 439,908 Software development costs are being amortized on a straight-line basis over their estimated useful life of two years. During the years ended December 31, 2021 and 2020, we capitalized $299,253 and $266,365 respectively of software development. We recorded amortization expense for software development costs of $391,365 and $518,087, respectively which is included in depreciation and amortization in the consolidated statement of operations. During the years ended December 31, 2021 and 2020, we recorded impairment charges of $0 and $8,886, respectively related to our software development costs. The estimated future amortization expense of software development costs as of December 31, 2021 is as follows: Year ending December 31,Amount2022 255,5012023 92,2882024 82025 —2025 —Thereafter —Total$ 347,797