Quarterly report pursuant to Section 13 or 15(d)

Internally Developed Software (Tables)

v3.20.1
Internally Developed Software (Tables)
3 Months Ended
Mar. 31, 2020
Research and Development [Abstract]  
Schedule of components of internally developed software, net
Internally developed software consists of the following:
 
 
 
 
March 31,
 
December 31,
 
 
Estimated Useful Life
 
2020
 
2019
Internally developed software
 
5 years
 
$
116,275

 
$
104,703

Less: accumulated amortization
 
 
 
(48,048
)
 
(44,440
)
Internally developed software, net
 
 
 
$
68,227

 
$
60,263


Schedule of amortization expense
Amortization expense was as follows:
 
 
Three Months Ended
 
 
March 31,
 
 
2020
 
2019
Amortization expense
 
$
3,608

 
$
2,623