Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
6 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

               
    June 30,
2015
  December 31,
2014
 
Storage equipment   $ 2,205,243   $ 2,205,243  
Website and software     622,667     622,667  
Furniture and fixtures     23,861     23,861  
Computer hardware and software     91,687     91,687  
Data center equipment     946,341     946,341  
      3,889,799     3,889,799  
Less: Accumulated depreciation     3,403,184     3,188,418  
Net property and equipment   $ 486,615   $ 701,381  

 

Depreciation expense for the six months ended June 30, 2015 and 2014 was $214,766 and $232,895, respectively.