General form of registration statement for all companies including face-amount certificate companies

SOFTWARE DEVELOPMENT COSTS

v3.23.4
SOFTWARE DEVELOPMENT COSTS
12 Months Ended
Dec. 31, 2022
Research and Development [Abstract]  
SOFTWARE DEVELOPMENT COSTS

NOTE 6 – SOFTWARE DEVELOPMENT COSTS

 

In 2018, the Company capitalized $60,000, relating to the development of new software products. These software products were developed by a third party and had passed the preliminary project stage prior to capitalization. During 2022, the Company capitalized $281,783 of software products developed by a third party related to artificial intelligence products placed in service.

 

             
    December 31,     December 31,  
    2022     2021  
Software development costs   $ 341,784     $ 60,000  
Less: Accumulated amortization     (76,576 )     (60,000 )
Software Development Costs, net   $ 265,208     $  

 

Amortization of software development costs in 2022 and 2021 was $16,576 and zero, respectively.