Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.1
Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

               
    December 31,   December 31,
    2021   2020
Storage equipment   $ 476,887     $ 756,236  
Website and software     —       533,417  
Furniture and fixtures     19,491       17,441  
Leasehold improvements     20,983       20,983  
Computer hardware and software     317,729       1,236,329  
Data center equipment     5,760,146       5,281,017  
      6,595,236       7,845,423  
Less: Accumulated depreciation     (4,657,765 )     (5,543,822 )
Net property and equipment   $ 1,937,471     $ 2,301,601  

 

Depreciation expense for the year ended December 31, 2021 and 2020 was $959,974 and $838,566, respectively.