Quarterly report pursuant to Section 13 or 15(d)

Internally Developed Software

v3.5.0.2
Internally Developed Software
6 Months Ended
Jun. 30, 2016
Internally Developed Softwares  
Internally Developed Software

5.       Internally Developed Software

 

Internally developed software consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

Estimated Useful Life

    

2016

    

2015

Internally developed software

 

 5 years

 

$

28,354

 

$

25,109

Less accumulated amortization

 

 

 

 

(16,864)

 

 

(15,212)

Internally developed software, net

 

 

 

$

11,490

 

$

9,897

 

Amortization expense was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

    

2016

    

2015

 

2016

    

2015

Amortization expense

 

$

857

 

$

632

 

$

1,652

 

$

1,232