CAPITALIZED SOFTWARE

12 Months Ended

Dec. 31, 2021

Freight App Inc [Member]

CAPITALIZED SOFTWARE

NOTE 6 – CAPITALIZED SOFTWARE

Capitalized software consists of the following at:

	December 31, 2021			December 31, 2020
Capitalized software	$	2,548,817		$	2,338,367
Accumulated amortization		(2,203,548	)		(1,918,479	)
Net carrying amount		345,269			419,888
Capitalized software in-process		245,733			-
Capitalized software, net	$	591,002		$	419,888

Amortization expense for the years ended December 31, 2021 and 2020 was $285,069 and $515,985, respectively.

FREIGHT APP, INC. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2021 AND 2020

NOTE 6 – CAPITALIZED SOFTWARE (CONTINUED)

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

Year Ended December 31,
2022	$	203,191
2023		103,964
2024		38,114
	$	345,269