Ongoing expenses include Web site development costs
, start-up funding for new products and funds for printing new materials.
With pre- built business and framework components and programs available for unlimited custom Web pages, link-outs or pop-ups, the program reduces Web site development costs
In March 2000, FASB's Emerging Issues Task Force reached a consensus on Issue 00-2, Accounting for Web Site Development Costs
, and whether website-related costs should be capitalized.
And the fourth would be Web site development costs
We believe that Stock-Trak's experience and expertise will substantially reduce web site development costs
and shorten our time to market.
In addition, during 2004 the company capitalized approximately $64,700 of web site development costs
The treatment of Web site development costs
is no exception.
This decrease is due primarily to decreases in payroll of $549,800 for AuctionInc software development, decreases of $31,400 in computer expenses, and depreciation of $25,900 offset by $288,200 fewer costs capitalized as web site development costs
Company management attributed the loss to an increase in SG&A expenses that include an aggressive marketing program, Web site development costs
, increased payroll for the expanding staff, and $495,043 amortization of goodwill associated with the acquisition of Becan Distributors.
In accordance with the transition provisions of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board's consensus on Issue 00-2, Accounting for Web Site Development Costs
("EITF 00-2"), the Company elected to apply this standard to website development costs incurred from January 1, 2000 and forward.
Resulting per-order losses before marketing, overhead and Web site development costs
ranged from $2 to as much as $12.
Marketing, advertising, software and Web site development costs
totaled $208,698 for the quarter ended June 30, 2000, compared to $217,704 for the quarter ended June 30, 1999.