Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
9 Months Ended
Sep. 30, 2012
Property and Equipment [Abstract]  
Property and Equipment
Note 3 - Property and Equipment
 
Property and equipment, at cost, consist of the following:
 
   
September 30,
   
December 31,
 
   
2012
   
2011
 
Storage equipment  
  $ 2,200,372     $  2,149,294  
Website and software  
    216,086       169,833  
Furniture and fixtures  
    22,837       22,837  
Computer hardware and software  
    91,687       91,687  
Data Center  
    902,444       590,651  
    
    3,433,426       3,024,302  
Less: Accumulated depreciation  
    2,041,248       1,680,484  
Net property and equipment  
  $ 1,392,178     $ 1,343,818  
 
Depreciation expense for the nine months ended September 30, 2012 and 2011 was $360,764 and $160,767, respectively.