Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
9 Months Ended
Sep. 30, 2014
Property, Plant and Equipment [Abstract]  
Property and Equipment
Note 3 - Property and Equipment
 
Property and equipment, at cost, consist of the following:
 
 
 
September
 
 
 
 
 
30,
 
December 31,
 
 
 
2014
 
2013
 
Storage equipment
 
$
2,205,243
 
$
2,205,243
 
Website and software
 
 
622,667
 
 
622,667
 
Furniture and fixtures
 
 
22,837
 
 
23,861
 
Computer hardware and software
 
 
91,687
 
 
91,687
 
Data center equipment
 
 
947,365
 
 
916,070
 
 
 
 
3,889,799
 
 
3,859,528
 
Less: Accumulated depreciation
 
 
3,076,834
 
 
2,728,547
 
Net property and equipment
 
$
812,965
 
$
1,130,981
 
 
Depreciation expense for the nine months ended September 30, 2014 and 2013 was $348,287 and $430,091, respectively. Depreciation for the three months ended September 30, 2014 and 2013 was $115,394 and $  155,673, respectively.