Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.3
Property and Equipment
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

   

September 30, 

2019  

   December 31,
2018
Storage equipment   $ 756,236     $ 756,236  
Website and software     533,418       533,418  
Furniture and fixtures     27,131       25,975  
Leasehold Improvements     16,846       13,104  
Computer hardware and software     1,218,463       1,211,658  
Data Center Equipment     4,334,992       2,753,320  
      6,887,086       5,293,711  
Less: Accumulated depreciation     4,536,265       4,005,338  
Net property and equipment   $ 2,350,821     $ 1,288,373  

 

Depreciation expense for the nine months ended September 30, 2019 and 2018 was $530,927 and $306,499, respectively.