INTERNAL-USE SOFTWARE |
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Sep. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Research and Development [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INTERNAL-USE SOFTWARE | NOTE 5 – INTERNAL-USE SOFTWARE
As of September 30, 2025, the Company had capitalized costs of $4,070,000 relating to the acquisition of MEI’s Millenium Payment Hub platform (“MPH”). The Company also had capitalized costs of $551,683 relating to the Parent internal-use software. The parent internal-use software was developed by a third party and passed the preliminary project stage prior to capitalization. For the three months and six months ended September 30, 2025, the Company did not incur any internal-use software development costs on the parent company software. Amortization of the internal-use software of the Parent will begin once the software is placed in service, which management has determined will start once service revenues begin.
The carrying value of the MPH software and related accumulated amortization is summarized in the table below:
Amortization expense for the three months and six months ended September 30, 2025 totaled $101,750 and $203,500, and is included in general and administrative expense.
Total estimated future amortization expense for the intangible asset is as follows:
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