Annual report pursuant to Section 13 and 15(d)

5. Software Development Costs (Tables)

v3.20.1
5. Software Development Costs (Tables)
12 Months Ended
Dec. 31, 2019
Research and Development [Abstract]  
Software Development Costs

The following table presents details of our software development costs for the years ended December 31, 2019 and 2018:

 

December 31, 2019   December 31, 2018  
                                         
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)
$ 2,245,811      $ (1,549,144)   $ 696,667      2      $ 1,781,902      $ (1,239,408)     $ 542,494      2   
$ 2,245,811      $ (1,549,144)     $ 696,667         $ 1,781,902      $ (1,239,408)     $ 542,494       
                                             
Future Amortization Software

The estimated future amortization expense of software development costs as of December 31, 2019 is as follows:

 

 

Year ending December 31,   Amount
2019   $ 479,188   
2020     217,092   
2021     398   
2022     -   
2023     -   
Thereafter     -   
Total   $ 696,667