Capitalized Technology, Net

3 Months Ended

Mar. 31, 2017

Capitalized Technology Net

Capitalized Technology, Net

Note 4 – Capitalized Technology, Net

Capitalized technology consists of the following:

	March 31, 2017			December 31, 2016
Gross value	$	3,307,363		$	3,171,414
Accumulated amortization		(2,385,092	)		(2,237,221	)
Net value	$	922,271		$	934,193

Capitalized technology is amortized on a straight-line basis over estimated useful lives of three years. Amortization expense amounted to $148,000 and $141,000 for the three months ended March 31, 2017 and 2016, respectively, and is included in cost of revenue.

Future annual estimated amortization expense is summarized as follows:

Years ending December 31,
2017 (remaining nine months)	$	404,761
2018		349,747
2019		160,229
2020		7,534
	$	922,271