SOFTWARE

6 Months Ended

Jul. 31, 2016

5. SOFTWARE

The Company has software that it uses for the development of certain mobile phone applications. The software and any upgrades are being amortized over useful lives ranging from 3 – 5 years. The Company recorded amortization expense of $500 and $478 for the three months ended July 31, 2016 and 2015, respectively, and $1,000 and $1,112 for the six months ended July 31, 2016 and 2015, respectively.

		July 31, 2016		January 31, 2016

Charting software	$	102,705	$	11,605
Website		2,080		2,080
		104,785		13,685
Accumulated amortization		(12,269)		(11,269)
Net book value	$	92,516	$	2,416

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

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