Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
 9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

   

September 30,

2017 

    

December 31,

2016 

  
Storage equipment   $ 2,100,932       2,100,932  
Website and software     533,418       533,418  
Furniture and fixtures     14,037       14,037  
Computer hardware and software     86,184       86,184  
Data Center Equipment     2,491,675       666,680  
      5,226,246       3,401,251  
Less: Accumulated depreciation     3,516,008       3,222,591  
Net property and equipment   $ 1,710,238       178,660  

 

Depreciation expense for the nine months ended September 30, 2017 and 2016 was $293,417 and $134,095, respectively.