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Note 11 - Resalable Software License Rights
6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Research, Development, and Computer Software Disclosure [Text Block]

11.

RESALABLE SOFTWARE LICENSE RIGHTS

 

On December 31, 2015, the Company purchased third-party software licenses in the amount of $180,000 in anticipation of a large pending deployment that has yet to materialize. The Company is amortizing the total cost over the greater of actual unit cost of licenses sold or the straight line method over 10 years with the greater of the two approaches being the actual unit cost per license sold. A total of $2,488 and $0 was charged to cost of sales during the three month periods ended June 30, 2021 and 2020, respectively. A total of $5,009 and $5,028 was charged to cost of sales during the six month periods ended June 30, 2021 and 2020, respectively. Since the license purchase, the cumulative amount of $126,127 has been charged to cost of sales, with a carrying balance of $53,873 and $58,882 as of June 30, 2020 and December 31, 2020, respectively.