CAPITALIZED SOFTWARE COSTS

6 Months Ended

Jun. 30, 2024

CAPITALIZED SOFTWARE COSTS

CAPITALIZED SOFTWARE COSTS

NOTE 6 – CAPITALIZED SOFTWARE COSTS

Our capitalized software costs are summarized as follows:

	June 30, 2024			December 31, 2023
Gross carrying amount	$	552,772		$	552,772
Accumulated amortization		(76,720	)		(30,688	)
Net capitalized software costs	$	476,052		$	522,084

Amortization expense related to capitalized software costs was $46,032 and $0 for the six months ended June 30, 2024 and 2023, respectively, and is recorded as cost of revenue in the consolidated statements of operations.

The following table presents the remaining estimated amortization of capitalized software costs as of June 30, 2024:

Remainder of FY24	$	50,654
FY25	$	110,555
FY26	$	110,555
FY27	$	110,555
FY28	$	79,868
Thereafter	$	13,865
	$	476,052