Quarterly report pursuant to Section 13 or 15(d)

Capitalized Software

v3.23.1
Capitalized Software
3 Months Ended
Mar. 31, 2023
Capitalized Computer Software, Net [Abstract]  
Capitalized Software

NOTE 7 – CAPITALIZED SOFTWARE

Capitalized software consists of the following at:

 

 

March 31, 2023

 

 

December 31, 2022

 

Capitalized software

 

$

8,098,546

 

 

$

8,094,385

 

Accumulated amortization

 

 

(4,121,799

)

 

 

(3,505,679

)

Capitalized software, net

 

$

3,976,747

 

 

$

4,588,706

 

 

Amortization expense was $615,773 and $536,929 for the three months ended March 31, 2023 and 2022, respectively.