Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.5.0.2
Property and Equipment
 6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

   

June 30,

2016

    

December 31,

2015

  
Storage equipment   $ 2,075,639     $ 2,075,639  
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     666,680       666,680  
      3,375,958       3,375,958  
Less: Accumulated depreciation     3,172,716       3,064,492  
Net property and equipment   $ 203,242     $ 311,466  

 

Depreciation expense for the six months ended June 30, 2016 and 2015 was $108,224 and $214,766, respectively.