Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.1
Property and Equipment
 3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

  

    March 31,   December 31,
    2021   2020
Storage equipment   $ 756,236     $ 756,236  
Website and software     533,417       533,417  
Furniture and fixtures     27,131       17,441  
Leasehold improvements     20,983       20,983  
Computer hardware and software     1,228,520       1,236,329  
Data center equipment     5,586,374       5,281,017  
      8,152,661       7,845,423  
Less: Accumulated depreciation     (5,762,511 )     (5,543,822 )
Net property and equipment   $ 2,390,150     $ 2,301,601  

 

Depreciation expense for the three months ended March 31, 2021 and 2020 was $218,689 and $193,158, respectively.