XML 16 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Property & Equipment and Software Development Costs
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property & Equipment and Software Development Costs

Note 2 – Property & Equipment and Software Development Costs

 

Property and equipment and software development costs consisted of the following as of:

        
   June 30,
2023		   December 31,
2022		 
Computers and equipment  $99,939   $99,939 
Furniture   7,262    7,262 
Accumulated depreciation   (78,924)   (66,121)
Total property and equipment, net  $28,277   $41,080 
           
Software development costs  $7,155,552   $6,626,049 
Accumulated amortization   (3,364,674)   (2,491,824)
Total software development costs, net  $3,790,878   $4,134,225 

 

The Company recognized depreciation expense of $6,193 and $8,302 for the three months ended June 30, 2023, and 2022, respectively related to property and equipment and amortization expense of $436,425 and $262,703 for the three months ended June 30, 2023, and 2022, respectively related to software development costs. The Company recognized depreciation expense of $12,803 and $16,393 for the six months ended June 30, 2023, and 2022, respectively related to property and equipment and amortization expense of $872,850 and $430,739 for the six months ended June 30, 2023, and 2022, respectively related to software development costs.