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CAPITALIZED SOFTWARE

12 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Capitalized Software

4.    CAPITALIZED SOFTWARE

Capitalized software consists of the following as of September 30, 2018 and September 30, 2017:

		September 30, 2018				September 30, 2017
mVSO software		$	4,708,203			$	4,663,513
MPulse software			6,334,772				5,923,197
Less: accumulated amortization			(2,256,749	)			(877,266)
Capitalized Software, net		$	8,786,226			$	9,709,444

In accordance with ASC 985-20 the Company capitalized $456,265 in software development costs (including capitalized stock compensation cost of $60,175) related to the enhancements created for our mPulse and mVSO 2.0 platforms during the year ended September 30, 2018.

Capitalized software amortization recorded as product development expense for the years ended September 30, 2018 and 2017 was $1,379,483 and $1,067,556, respectively.

During the year ended September 30, 2017, the Company recorded an impairment of $5,039,078 related directly to components of our original software that were replaced.

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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- References

No definition available.

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