Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

 

June 30, 

2018  

 

December 31, 

2017  

Storage equipment $ 992,996     $ 992,996  
Website and software   533,418       533,418  
Furniture and fixtures   14,037       14,037  
Telephone System   9.690       —    
Leasehold Improvements   13,104       11,719  
Computer hardware and software   1,207,180       1,194,120  
Data Center Equipment   2,491,675       2,491,675  
    5,262,100       5,237,965  
Less: Accumulated depreciation   3,822,240       3,614,177  
Net property and equipment $ 1,439,860     $ 1,623,788  

 

Depreciation expense for the six months ended June 30, 2018 and 2017 was $208,063 and $192,282, respectively.