SCWorx, Corp. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Intangible Assets

Intangible Assets	3 Months Ended
Mar. 31, 2026
Intangible Assets [Abstract]
Intangible Assets	Note 3. Intangible Assets The Company capitalizes costs associated with software developed for internal use, including payroll for employees directly involved in development and external consulting fees, once the project has reached the application development stage in accordance with ASC 350-40. Amortization is computed using the straight-line method over an estimated useful life of 3–5 years. During the three months ended March 31, 2026, the Company capitalized $65,413 in costs related to new software development. The Company is still in the development phase and the asset has not yet been put into service. Therefore, no amortization of the asset has occurred as of the date of these condensed consolidated financial statements.

Intangible Assets

3 Months Ended

Mar. 31, 2026

Note 3. Intangible Assets

The Company capitalizes costs associated with software developed for internal use, including payroll for employees directly involved in development and external consulting fees, once the project has reached the application development stage in accordance with ASC 350-40. Amortization is computed using the straight-line method over an estimated useful life of 3–5 years.

During the three months ended March 31, 2026, the Company capitalized $65,413 in costs related to new software development. The Company is still in the development phase and the asset has not yet been put into service. Therefore, no amortization of the asset has occurred as of the date of these condensed consolidated financial statements.