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CAPITALIZED SOFTWARE COSTS
3 Months Ended
Mar. 31, 2025
CAPITALIZED SOFTWARE COSTS  
CAPITALIZED SOFTWARE COSTS

NOTE 6 – CAPITALIZED SOFTWARE COSTS

 

Our capitalized software costs are summarized as follows:

 

 

 

March 31,

2025

 

 

December 31, 2024

 

Gross carrying amount

 

$460,297

 

 

$460,297

 

Accumulated amortization

 

 

(145,768)

 

 

(122,752)

Net capitalized software costs

 

$314,529

 

 

$337,545

 

 

Amortization expense related to capitalized software costs was $23,016 and $23,015 for the three months ended March 31, 2025 and 2024, 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 March 31, 2025:

 

FY25

 

$69,048

 

FY26

 

$92,064

 

FY27

 

$92,064

 

FY28

 

$61,353

 

FY29

 

$-

 

Thereafter

 

$-

 

 

 

 

 

 

 

 

$314,529