v3.25.2
Property & Equipment, Intangible Assets, and Software Development Costs
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property & Equipment, Intangible Assets, and Software Development Costs

Note 2 – Property & Equipment, Intangible Assets, and Software Development Costs

 

Property and equipment and software development costs consisted of the following as of:

        
  

June 30,

2025

  

December 31,

2024

 
         
Computers and equipment  $110,551   $110,551 
Furniture   11,258    11,258 
Accumulated depreciation   (112,225)   (109,528)
Total property and equipment, net  $9,584   $12,281 
           
Domain name  $3,947   $3,947 
Patents   14,174    – 
Accumulated amortization   (715)   (531)
Total intangible assets, net  $17,406   $3,416 
           
Software development costs  $9,054,290   $8,577,815 
Accumulated amortization   (7,056,740)   (6,269,585)
Total software development costs, net  $1,997,550   $2,308,230 

 

The Company recognized depreciation expense of $1,348 and $6,284 for the three months ended June 30, 2025 and 2024, respectively, related to property and equipment, amortization expense of $163 and $334 for the three months ended June 30, 2025 and 2024, respectively, related to intangible assets, and amortization expense of $356,227 and $486,764 for the three months ended June 30, 2025 and 2024, respectively, related to software development costs. The Company recognized depreciation expense of $2,696 and $12,778 for the six months ended June 30, 2025 and 2024, respectively, related to property and equipment, amortization expense of $185 and $668 for the six months ended June 30, 2025 and 2024, respectively, related to intangible assets, and amortization expense of $787,286 and $963,682 for the six months ended June 30, 2025 and 2024, respectively, related to software development costs.