Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

Property and equipment, at cost, consist of the following:

 

    December 31,  
    2016     2015  
Storage equipment   $ 2,100,931     $ 2,075,639  
Website and software     533,418       533,418  
Furniture and fixtures     14,037       14,037  
Computer hardware and software     86,184       86,184  
Data center equipment     666,680       666,680  
      3,375,958       3,375,958  
Less: Accumulated depreciation     3,222,591       3,064,492  
Net property and equipment   $ 178,660     $ 311,466  

 

Depreciation expense for the years ended December 31, 2016 and 2015 was $158,044 and $405,655, respectively.