Annual report pursuant to Section 13 and 15(d)

SOFTWARE DEVELOPMENT COSTS

v3.24.1
SOFTWARE DEVELOPMENT COSTS
12 Months Ended
Dec. 31, 2023
Research and Development [Abstract]  
SOFTWARE DEVELOPMENT COSTS

NOTE 6 – SOFTWARE DEVELOPMENT COSTS

 

               
    December 31,     December 31,  
    2023     2022  
Software Development   721,309     341,784  
Construction in Progress     148,371        
Accumulated amortization     (216,842 )     (76,576 )
Software Development, net   652,838     265,208  

 

Amortization of software development costs in 2023 and 2022 was $140,267 and $16,576, respectively.

 

The following is a schedule of estimated future amortization expense of software at December 31, 2023:

           
  2024     $ 269,893  
  2025       252,341  
  2026       130,604  
        $ 652,838  

 

Depreciation of software cost in 2023 and 2022 was $84,328 and $57,033. respectively.