v3.25.1
Internal Use Software Development Costs
3 Months Ended
Mar. 31, 2025
Research and Development [Abstract]  
Internal Use Software Development Costs

Note 5 – Internal Use Software Development Costs

 

Internal Use Software Development Costs consisted of the following:

 

Type  December 31, 2024 
     
Internal use software development costs  $668,484 
Less: accumulated amortization   (351,890)
Less: impairment loss   (316,594)
Internal Use Software Development Costs - net  $- 

 

Costs incurred for Internal Use Software Development Costs

 

At December 31, 2024, the Company determined that there was no future use for its capitalized internal use software development costs based upon its current and expected future operations. As a result, the Company recorded an impairment loss of $316,594 and removed the gross amount of its capitalized costs totaling $668,484. See Note 1.

 

For the three months ended March 31, 2024, amortization of internal software development costs was $55,707. For the three months ended March 31, 2025, the amortization was zero as the software was impaired during 2024.