Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

               
    September 30,   December 31,
    2021   2020
Storage equipment   $ 476,887     $ 756,236  
Website and software           533,417  
Furniture and fixtures     18,160       17,441  
Leasehold improvements     20,983       20,983  
Computer hardware and software     314,721       1,236,329  
Data center equipment     5,612,324       5,281,017  
      6,443,075       7,845,423  
Less: Accumulated depreciation     (4,406,987 )     (5,543,822 )
Net property and equipment   $ 2,036,088     $ 2,301,601  

 

Depreciation expense for the nine months ended September 30, 2021 and 2020 was $709,195 and $608,743, respectively.