Quarterly report pursuant to Section 13 or 15(d)

SOFTWARE DEVELOPMENT COSTS

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SOFTWARE DEVELOPMENT COSTS
6 Months Ended
Jun. 30, 2018
SOFTWARE DEVELOPMENT COSTS [Abstract]  
SOFTWARE DEVELOPMENT COSTS

NOTE 3 – SOFTWARE DEVELOPMENT COSTS


At June 30, 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.


Software development costs consisted of the following at June 30, 2018 and December 31, 2017:

 

 

 

June 30,

2018

 

 

December 31, 2017

 

Software Development Costs

 

$

60,000

 

 

$

 

Less: Accumulated amortization

 

 

(10,000

)

 

 

 

Total

 

$

50,000

 

 

$

 


Amortization expense of software development costs for the six months ended June 30, 2018 and June 30, 2017 was $10,000 and zero, respectively.