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Capitalized Software Development Costs | 9 Months Ended | 12 Months Ended
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Sep. 30, 2024 | Dec. 31, 2023
Beeline Financial Holdings Inc [Member] |  |
Capitalized Software Development Costs | NOTE 6 - CAPITALIZED SOFTWARE DEVELOPMENT COSTS Capitalized Software Development Costs Beeline released its proprietary software “Hexagon” in May 2020. Beeline continues to use the “Hexagon” software for processing mortgages of commercial and residential properties and intends on licensing this software to other mortgage loan originators in the future. In January 2023, Beeline’s internal developers began the initial development of a new proprietary software, “Hive”. The new software is an entirely new platform and code built by Beeline. The most notable feature of the new software is the integration of Beeline’s Chat API “Bob.” The official launch of Hive was January 2024 and Beeline is currently implementing the new software in its residential mortgage origination process. A major upgrade to the system “Version 2” was immediately started after the initial launch of the system and went into use starting November 2020. This upgrade gave the consumer access to a user portal and the ability to process some conditions on their own through uploading documents and accessing key information of their loan. Additional functionality was added to the system in “Version 3”. This version will allow proprietary technologies to process underwriting conditions and automating major functions of the business. The basics of Beeline’s “Automation Condition Resolution Engine” was substantially completed in this Version. “Version 4” was released in May 2022. It significantly changed the loan options user interface and experience for customers. It also introduced a dedicated flow for new loan types and channels. Other changes in Version 4 included additional build out of the Automation Condition Resolution Engine. Version 4 was completed by December 31, 2022, with development starting on Version 5 in early 2023. As of September 30, 2024 and December 31, 2023, capitalized software development costs consisted of the following: Schedule of Capitalized Software Development Costs
|  | September 30, 2024 |  |  | December 31, 2023 |
Software development costs capitalized |  | $ | 8,459,328 |  |  | $ | 8,079,821 |
Less accumulated amortization |  |  | (4,428,704 | ) |  |  | (3,216,731 | )
Software development costs, net |  | $ | 4,030,624 |  |  | $ | 4,863,090 |
Amortization expense totaled $1,211,973 and $1,074,109 for the nine months ended September 30, 2024 and 2023, respectively. BEELINE FINANCIAL HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENT September 30, 2024 (Unaudited) | NOTE 6 - CAPITALIZED SOFTWARE DEVELOPMENT COSTS Capitalized Software Development Costs Beeline released its proprietary software “Hexagon” in May 2020. Beeline continues to use the “Hexagon” software for processing mortgages of commercial and residential properties and intends on licensing this software to other mortgage loan originators in the future. In January 2023, Beeline’s internal developers began the initial development of a new proprietary software, “Hive”. The new software is an entirely new platform and code built by Beeline. The most notable feature of the new software is the integration of Beeline’s Chat API “Bob.” The official launch of Hive was January 2024 and Beeline is currently implementing the new software in its residential mortgage origination process. A major upgrade to the system “Version 2” was immediately started after the initial launch of the system and went into use starting November 2020. This upgrade gave the consumer access to a user portal and the ability to process some conditions on their own through uploading documents and accessing key information of their loan. Additional functionality was added to the system in “Version 3”. This version will allow proprietary technologies to process underwriting conditions and automating major functions of the business. The basics of Beeline’s “Automation Condition Resolution Engine” was substantially completed in this Version. “Version 4” was released in May 2022. It significantly changed the loan options user interface and experience for customers. It also introduced a dedicated flow for new loan types and channels. Other changes in Version 4 included additional build out of the Automation Condition Resolution Engine. Version 4 was completed by December 31, 2022, with development starting on Version 5 in early 2023. At December 31, 2023 and 2022, capitalized software development costs consisted of the following: Schedule of Capitalized Software Development Costs
|  | 2023 |  |  | 2022 |
Software Development Version 1 |  | $ | 1,725,250 |  |  | $ | 1,725,250 |
Software Development Version 2 |  |  | 821,983 |  |  |  | 821,983 |
Software Development Version 3 |  |  | 3,335,136 |  |  |  | 3,335,136 |
Software Development Version 4 |  |  | 1,438,149 |  |  |  | 1,346,424 |
Software Development Version 5 |  |  | 759,303 |  |  |  | - |
Capitalized Computer Software Gross |  |  | 8,079,821 |  |  |  | 7,228,793 |
Less: Accumulated Depreciation |  |  | (3,216,731 | ) |  |  | (1,776,596 | )
Software Development, net |  | $ | 4,863,090 |  |  | $ | 5,452,197 |
Amortization expense totaled $1,440,135 and $1,009,718 for the years ended December 31, 2023 and 2022, respectively. Beeline Financial Holdings, Inc. Notes to Consolidated Financial Statements December 31, 2023 and 2022

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 730 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483041/730-20-50-1 + Details
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