| Property and Equipment |
Note 3 - Property and Equipment
Property and equipment, at cost, consist of the following:
| |
|
September 30, |
|
December 31, |
| |
|
2020 |
|
2019 |
| Storage equipment |
|
$ |
756,236 |
|
|
$ |
756,236 |
|
| Website and software |
|
|
533,417 |
|
|
|
533,417 |
|
| Furniture and fixtures |
|
|
27,131 |
|
|
|
27,131 |
|
| Leasehold improvements |
|
|
20,983 |
|
|
|
16,846 |
|
| Computer hardware and software |
|
|
1,224,591 |
|
|
|
1,218,464 |
|
| Data center equipment |
|
|
5,266,790 |
|
|
|
4,341,993 |
|
| |
|
|
7,829,148 |
|
|
|
6,894,087 |
|
| Less: Accumulated depreciation |
|
|
(5,313,999 |
) |
|
|
(4,705,256 |
) |
| Net property and equipment |
|
$ |
2,515,149 |
|
|
$ |
2,188,831 |
|
Depreciation expense for the nine months ended September 30, 2020
and 2019 was $608,743 and $530,927, respectively.
|
Note 3 - Property and Equipment
Property and equipment, at cost, consist of the following:
| |
|
2019 |
|
|
2018 |
|
| Storage equipment |
|
$ |
756,236 |
|
|
$ |
756,236 |
|
| Website and software |
|
|
533,417 |
|
|
|
533,418 |
|
| Furniture and fixtures |
|
|
27,131 |
|
|
|
25,975 |
|
| Leasehold improvements |
|
|
16,846 |
|
|
|
13,104 |
|
| Computer hardware and software |
|
|
1,218,464 |
|
|
|
1,211,658 |
|
| Data center equipment |
|
|
4,341,993 |
|
|
|
2,753,320 |
|
| |
|
|
6,894,087 |
|
|
|
5,293,711 |
|
| Less: Accumulated depreciation |
|
|
4,705,256 |
|
|
|
4,005,338 |
|
| Net property and equipment |
|
$ |
2,188,831 |
|
|
$ |
1,288,373 |
|
Depreciation expense for the years ended December 31, 2019 and 2018
was $699,918 and $405,199, respectively.
|