Annual report pursuant to Section 13 and 15(d)

CAPITALIZED SOFTWARE DEVELOPMENT COSTS (Tables)

v3.23.1
CAPITALIZED SOFTWARE DEVELOPMENT COSTS (Tables)
12 Months Ended
Dec. 31, 2022
Research and Development [Abstract]  
SCHEDULE OF CAPITALIZED SOFTWARE DEVELOPMENT COSTS

Capitalized software development costs, net consisted of the following:

 

    2022     2021  
    As of December 31,  
    2022     2021  
             
Beginning balance   $ 4,348     $ -  
                 
Additions     2,760       4,348  
Amortization     (932 )     -  
Ending balance   $ 6,176     $ 4,348  
SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE

The expected future amortization expense for capitalized software development costs as of December 31, 2022, is as follows:

 

Year ending   Amortization  
2023     2,315  
2024     2,370  
2025     1,437  
2026     54  
Total amortization   $ 6,176