Quarterly report pursuant to Section 13 or 15(d)

Internally Developed Software

v2.4.0.8
Internally Developed Software
9 Months Ended
Sep. 30, 2014
Internally Developed Software  
Internally Developed Software

5.Internally Developed Software

 

Internally developed software consists of the following:

 

 

 

 

 

September 30,

 

December 31,

 

 

 

Estimated Useful Life

 

2014

 

2013

 

 

 

 

 

 

 

 

 

Internally developed software

 

5 years

 

$

18,936

 

$

16,374

 

Less accumulated amortization

 

 

 

(12,196

)

(10,634

)

Internally developed software, net

 

 

 

$

6,740

 

$

5,740

 

 

Amortization expense was as follows:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

$

565 

 

$

436 

 

$

1,562 

 

$

1,265