Summary of Significant Accounting Policies: Capitalized Software Development Costs Policy (Policies)
|6 Months Ended|
Jun. 30, 2017
|Capitalized Software Development Costs Policy||
Capitalized software development costs
The Company sometimes capitalizes internal software development costs after establishing technological feasibility of a software application. Capitalized software development costs represent the costs associated with the development of the Companys software applications used to generate revenue from our customers. Amortization of such costs is recorded on a software application-by-application basis, based on the greater of the proportion of current year sales to the total of current and estimated future sales for the applications or the straight-line method over the remaining estimated useful life of the software application. The Company continually evaluates the recoverability of capitalized software costs, if any, and charges to operations amounts that are deemed unrecoverable for projects it abandons. The Company had no capitalized software development costs during the three and six months ended June 30, 2017. The Company recorded an impairment to its software development costs of $43,657 for the quarter ended June 30, 2016. Capitalized software development costs were zero at December 31, 2016.
Disclosure of accounting policy for costs incurred to (1) establish the technological feasibility of a computer software product to be sold, leased, or otherwise marketed; and (2) produce product masters after establishing technological feasibility. This accounting policy also may apply to purchased computer software. This policy also may address the entity's amortization policy for its capitalized computer software costs and how it evaluates such capitalized costs for impairment.
Reference 1: http://www.xbrl.org/2003/role/presentationRef