v3.25.1
CAPITALIZED SOFTWARE
12 Months Ended
Dec. 31, 2024
Capitalized Software  
CAPITALIZED SOFTWARE

NOTE 4 – CAPITALIZED SOFTWARE

 

Capitalized software consists of the following at:

 SCHEDULE OF CAPITALIZED SOFTWARE

   December 31, 2024   December 31, 2023 
Capitalized software  $3,729,011   $3,594,249 
Accumulated amortization   (3,154,902)   (2,823,116)
Capitalized software, net  $574,109   $771,133 

 

Amortization expense for the years ended December 31, 2024 and 2023 was $416,334 and $385,488 respectively.

 

Estimated amortization for capitalized software for future periods is as follows:

 SCHEDULE OF ESTIMATED AMORTIZATION CAPITALIZED SOFTWARE

Year Ended December 31,    
2025  $370,982 
2026   148,910 
2027   54,217 
Total   $574,109 

 

 

FREIGHT TECHNOLOGIES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS