Quarterly report pursuant to Section 13 or 15(d)

Capitalized Software

v3.23.2
Capitalized Software
6 Months Ended
Jun. 30, 2023
Capitalized Computer Software, Net [Abstract]  
Capitalized Software

NOTE 7 – CAPITALIZED SOFTWARE

Capitalized software consists of the following at:

 

 

June 30, 2023

 

 

December 31, 2022

 

Capitalized software

 

$

5,927,719

 

 

$

8,094,385

 

Accumulated amortization

 

 

(2,569,519

)

 

 

(3,505,679

)

Capitalized software, net

 

$

3,358,200

 

 

$

4,588,706

 

 

Amortization expense was $1,230,506 and $1,135,504 for the six months ended June 30, 2023 and 2022, respectively. Amortization expense was $614,733 and $598,575 for the three months ended June 30, 2023 and 2022, respectively.