WaveDancer, Inc. Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

Note 7 - Property and Equipment

Note 7 - Property and Equipment

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 7. Property and Equipment

Property and equipment consist of the following as of December 31:

	2022			2021
Software development costs	$	498,425		$	-
Computer equipment and purchased software		365,874			328,397
Furniture and equipment		117,307			117,307
Leasehold improvements		7,438			7,438
Property and equipment, gross		989,044			453,142
Less: Accumulated depreciation		(391,628	)		(347,886	)
Property and equipment, net	$	597,416		$	105,256

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2022 and 2021, totaled $43,742 and $35,566, respectively. During 2022, we recorded $498,425 of capitalized internal use software development costs related to the Blockchain SCM segment and zero amortization of software development costs.