Annual report [Section 13 and 15(d), not S-K Item 405]

SOFTWARE DEVELOPMENT COSTS

v3.25.1
SOFTWARE DEVELOPMENT COSTS
12 Months Ended
Dec. 31, 2024
Software Development Costs  
SOFTWARE DEVELOPMENT COSTS

NOTE 8 – SOFTWARE DEVELOPMENT COSTS

           
    December 31,
2024
    December 31,
2023
 
Software Development   $ 796,807     $ 721,309  
Construction in Progress     72,872       148,371  
Accumulated amortization     (466,296 )     (216,842 )
Software Development, net   $ 403,383     $ 652,838  

 

The following is a schedule of estimated future amortization expense of software development costs at December 31, 2024:

           
  2025     $ 246,676  
  2026       108,894  
  2027       47,813  
        $ 403,383  

 

Amortization of software development costs for the years ended December 31, 2024 and 2023 was $249,454 and $140,267, respectively.