Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.25.1
Property and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4- Property and Equipment

 

Property and equipment, consist of the following:

 

               
    March 31,   December 31,
    2025   2024
Storage equipment   $ 60,288     $ 60,288  
Furniture and fixtures     30,305       30,305  
Computer hardware and software     144,636       140,288  
Data center equipment     9,449,596       9,368,082  
Gross Property and equipment     9,684,825       9,598,963  
Less: Accumulated depreciation     (6,456,000 )     (6,159,307 )
Net property and equipment   $ 3,228,825     $ 3,439,656  

 

Depreciation expense for the three months ended March 31, 2025, and 2024 was $296,593 and $226,051, respectively, of which $4,034 and $2,981, respectively, was allocated to general and administrative expenses and $263,324 and $223,070 respectively, was allocated to cost of goods sold.