Annual report pursuant to section 13 and 15(d)

SOFTWARE

v2.4.0.6
SOFTWARE
 12 Months Ended
Dec. 31, 2012
SOFTWARE [Abstract]  
SOFTWARE

NOTE 5 - SOFTWARE


Version 3 of the Company's "On Site Physical Inventory" (OSPI) product has been released. The Company has capitalized the cost of the OSPI software pursuant to the guidelines of ASC 985-20 "Costs of Software to be Sold, Leased or Marketed".


                 

 

 

As of

December 31,

 

 

 

2012

 

 

2011

 

Software development costs

 

$

36,022

 

 

$

36,022

 

Less: accumulated amortization

 

 

36,022

 

 

 

9,005

 

 

 

$

-

 

 

$

27,017

 


Amortization expense was $27,017 and $9,005 for the years ended December 31, 2012 and 2011, respectively.