Mobivity Holdings Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Software Development Costs

Software Development Costs

6 Months Ended

Jun. 30, 2018

Software Development Costs [Abstract]

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 June 30, 2018 and December 31, 2017:



	Balance at December 31, 2017		Additions		Amortization		Balance at June 30, 2018
Software Development Costs	$	363,777	$	175,612	$	(159,387)	$	380,002
	$	363,777	$	175,612	$	(159,387)	$	380,002

Software development costs are being amortized on a straight-line basis over their estimated useful life of two years.

Amortization expense for software development costs was $80,372 and $81,822 for the three months ended June 30, 2018 and 2017, respectively.

Amortization expense for software development costs was $159,388 and $132,870 for the six months ended June 30, 2018 and 2017, respectively.

The estimated future amortization expense of software development costs as of June 30, 2018 is as follows:



Year ending December 31,	Amount
2018	$	329,478
2019		50,524
2020		-
2021		-
2022		-
Thereafter		-
Total	$	380,002