Quarterly report pursuant to Section 13 or 15(d)

Internally Developed Software, Net

v3.7.0.1
Internally Developed Software, Net
6 Months Ended
Jun. 30, 2017
Internally Developed Software, Net  
Internally Developed Software, Net

6. Internally Developed Software, Net

 

Internally developed software, net consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

Estimated Useful Life

    

2017

    

2016

Internally developed software

 

 5 years

 

$

39,369

 

$

33,718

Less: accumulated amortization

 

 

 

 

(21,258)

 

 

(18,858)

Internally developed software, net

 

 

 

$

18,111

 

$

14,860

 

Amortization expense was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

    

2017

    

2016

 

2017

    

2016

Amortization expense

 

$

1,241

 

$

857

 

$

2,400

 

$

1,652