Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
 6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

   

June 30, 

2017  

    

December 31, 

2016  

  
Storage equipment   $ 2,100,932       2,100,932  
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     2,491,675       666,680  
      5,226,246       3,401,251  
Less: Accumulated depreciation     3,414,873       3,222,591  
Net property and equipment   $ 1,811,373       178,660  

  

Depreciation expense for the six months ended June 30, 2017 and 2016 was $192,282 and $108,224, respectively.