Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

    December 31,
    2019   2018
Storage equipment   $ 756,236     $ 756,236  
Website and software     533,417       533,418  
Furniture and fixtures     27,131       25,975  
Leasehold improvements     16,846       13,104  
Computer hardware and software     1,218,464       1,211,658  
Data center equipment     4,341,993       2,753,320  
      6,894,087       5,293,711  
Less: Accumulated depreciation     4,705,256       4,005,338  
Net property and equipment   $ 2,188,831     $ 1,288,373  

 

Depreciation expense for the years ended December 31, 2019 and 2018 was $699,918 and $405,199, respectively.