NOTE 5 - SOFTWARE DEVELOPMENT COSTS

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

NOTE 5 – SOFTWARE DEVELOPMENT COSTS

The Company specifically recognizes capitalized software costs by its product platforms as follows:

	December 31, 2015										December 31, 2014
	Gross			Accumulated amortization				Balance			Gross			Accumulated amortization			Balance
QBIX		$	1,527,060		$	(305,412	)		$	1,221,648		$	1,427,485		$	-		$	1,427,485
QHIX			4,823,355			-				4,823,355			3,121,313			-			3,121,313
QBLITZ			3,879,899			-				3,879,899			597,249			-			597,249
QEDX			1,432,622			-				1,432,622			-			-			-
		$	11,662,936		$	(305,412	)		$	11,357,524		$	5,146,047		$	-		$	5,146,047

For the year ending December 31, 2015, the change in Software Development costs was as follows:

Balance, January 1,	$	5,146,047
Additions		6,516,889
Impairment of assets		-
Amortization		(305,412	)
Balance, September 30,	$	11,357,524

Amortization expenses on software development cost was $305,412 and nil for the years ending December 31, 2015 and 2014, respectively.

The Company began amortizing the QBIX platform development costs in 2015. The Company anticipates the QHIX and QEDX platforms to be offered for sale starting in the first quarter of 2016 and for QBLITZ starting in year 2018. As of December 31, 2015, the estimated aggregated amortization expense for each of five succeeding years is as follows:

Year	Amount
2016	$	1,556,604
2017		1,556,604
2018		2,332,584
2019		2,332,584
2020		2,027,189
2021 and thereafter		1,551,959
Total	$	11,357,524