Quarterly report pursuant to Section 13 or 15(d)

Internally Developed Software

v2.4.0.8
Internally Developed Software
9 Months Ended
Sep. 30, 2013
Internally Developed Software  
Internally Developed Software

5.                       Internally Developed Software

 

Internally developed software consists of the following:

 

 

 

 

 

September 30,

 

December 31,

 

 

 

Estimated Useful Life

 

2013

 

2012

 

 

 

 

 

 

 

 

 

Internally developed software

 

5 years

 

$

15,525

 

$

13,232

 

Less accumulated amortization

 

 

 

(10,173

)

(8,908

)

Internally developed software, net

 

 

 

$

5,352

 

$

4,324

 

 

Amortization expense was as follows:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

$

436

 

$

409

 

$

1,265

 

$

1,169