General form of registration statement for all companies including face-amount certificate companies

Property and Equipment

v3.21.1
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

    December 31,  
    2020     2019  
Storage equipment   $ 756,236     $ 756,236  
Website and software     533,417       533,417  
Furniture and fixtures     17,441       27,131  
Leasehold improvements     20,983       16,846  
Computer hardware and software     1,236,329       1,218,464  
Data center equipment     5,281,017       4,341,993  
      7,845,423       6,894,087  
Less: Accumulated depreciation     5,543,822       4,705,256  
Net property and equipment   $ 2,301,601     $ 2,188,831  

 

Depreciation expense for the years ended December 31, 2020 and 2019 was $838,566 and $699,918, respectively.