Software Development Costs |
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Sep. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 following table presents details of our software development costs as of September 30, 2018 and December 31, 2017:
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 $68,788 and $87,821 for the three months ended September 30, 2018 and 2017, respectively. Amortization expense for software development costs was $228,175 and $220,691 for the nine months ended September 30, 2018 and 2017, respectively. The estimated future amortization expense of software development costs as of September 30, 2018 is as follows:
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