Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.0.6
Property and Equipment
12 Months Ended
Dec. 31, 2012
Property and Equipment [Abstract]  
Property and Equipment
Note 3 - Property and Equipment
 
Property and equipment, at cost, consist of the following:
 
  
December 31,
 
 
2012
   
2011
 
Storage equipment
$
2,205,243
   
$
2,149, 294
 
Website and software
 
622,667
     
169,833
 
Furniture and fixtures
 
22,837
     
22,837
 
Computer hardware and software
91,687
     
91,687
 
Data Center Equipment
 
908,670
   
 
590,651
 
   
3,851,104
     
3,024,302
 
Less: Accumulated depreciation
 
2,189,024
 
 
 
1,680,484
 
Net property and equipment
$
1,662,080
 
 
$
1,343,818
 
 
Depreciation expense for the years ended December 31, 2012 and 2011 was $508,539 and $480,036, respectively.