Annual report pursuant to Section 13 and 15(d)

Capitalized Software

v3.24.1
Capitalized Software
12 Months Ended
Dec. 31, 2023
Capitalized Computer Software, Net [Abstract]  
Capitalized Software

NOTE 6 – CAPITALIZED SOFTWARE

Capitalized software consists of the following at:

 

December 31, 2023

 

 

December 31, 2022

 

Capitalized software

 

$

8,094,385

 

 

$

8,094,385

 

Accumulated amortization

 

 

(5,966,691

)

 

 

(3,505,679

)

Capitalized software, net

 

$

2,127,694

 

 

$

4,588,706

 

 

 

Amortization expense was $2,461,013 and $2,318,953 for the year ended December 31, 2023 and 2022, respectively.

Estimated amortization for capitalized software for future periods is as follows:

Year Ended December 31,

 

 

2024

 

$

1,542,007

 

2025

 

 

496,744

 

2026

 

 

88,943

 

 

$

2,127,694