SOFTWARE DEVELOPMENT COSTS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Research and Development [Abstract] | |
| SOFTWARE DEVELOPMENT COSTS | NOTE 2 - SOFTWARE DEVELOPMENT COSTS
The Company is developing an open-source platform and developer infrastructure to enable access to a global economy using real-world asset tokenization built on a proprietary blockchain. Research and planning phase costs are expensed as incurred. Costs incurred in the application and infrastructure development stage, including significant enhancements and upgrades, are capitalized. These costs to date have only included external consultants, but in the future could include Company personnel and related employee benefits expenses for employees who are directly associated with and who devote time to software projects and external direct costs of materials obtained in developing the software.
Universal Token incurred and capitalized software development costs of $10,000 and $175,000 during the three months ended March 31, 2026 and 2025, respectively. Total capitalized software development costs totaled $1,143,500 and $1,133,500 as of March 31, 2026 and December 31, 2025, respectively. Upon completion, the Company will amortize its software development costs on a straight-line basis over the estimated useful life.
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