Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.25.2
Property and Equipment
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4- Property and Equipment

 

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

 

               
    June 30,
2025		   December 31, 2024
Storage equipment   $ 60,288     $ 60,288  
Furniture and fixtures     30,305       30,305  
Computer hardware and software     154,423       140,288  
Data center equipment     9,833,486       9,368,082  
      10,078,502       9,598,963  
Less: Accumulated depreciation     (6,740,363 )     (6,159,307 )
Net property and equipment   $ 3,338,139     $ 3,439,656  

 

Depreciation expense for the three months ended June 30, 2025, and 2024 was $283,735 and $270,952, respectively. Depreciation expense for the six months ended June 30, 2025, and 2024 was $580,332 and $497,003, respectively.