Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

  

    December 31,  
    2017     2016  
Storage equipment   $ 2,100,931     $ 2,100,931  
Website and software     533,418       533,418  
Furniture and fixtures     14,037       14,037  
Leasehold improvements     11,719       —  
Computer hardware and software     1,194,120       86,184  
Data center equipment     2,491,675       666,680  
      5,237,965       3,401,251  
Less: Accumulated depreciation     3,614,177       3,222,591  
Net property and equipment   $ 1,623,788     $ 178,660  

 

 Depreciation expense for the years ended December 31, 2017 and 2016 was $391,586 and $158,099, respectively.