Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5- Property and Equipment

 

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

Schedule of property and equipment                
    June 30,   December 31,
    2022   2021
Storage equipment   $ 60,288     $ 476,887  
Furniture and fixtures     20,860       19,491  
Leasehold improvements     20,983       20,983  
Computer hardware and software     89,618       317,729  
Data center equipment     6,900,702       5,760,146  
 Gross Property and equipment     7,092,451       6,595,236  
Less: Accumulated depreciation     (4,510,837 )     (4,657,765 )
Net property and equipment   $ 2,581,614     $ 1,937,471  

  

Depreciation expense for the three months ended June 30, 2022 and 2021 was $219,520 and $261,079, respectively. 

Depreciation expense for the six months ended June 30, 2022 and 2021 was $501,128 and $479,768, respectively.