Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.1
Property and Equipment
 3 Months Ended
Mar. 31, 2020
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,
    2020   2019
Storage equipment   $ 756,236     $ 756,236  
Website and software     533,417       533,417  
Furniture and fixtures     27,131       27,131  
Leasehold improvements     16,846       16,846  
Computer hardware and software     1,218,464       1,218,464  
Data center equipment     4,734,970       4,341,993  
      7,287,064       6,894,087  
Less: Accumulated depreciation     (4,898,414 )      (4,705,256 ) 
Net property and equipment   $ 2,388,650     $ 2,188,831  

 

Depreciation expense for the three months ended March 31, 2020 and 2019 was $193,158 and $175,472, respectively.