Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4- Property and Equipment

 

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

 

               
    December 31,   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     93,062       317,729  
Data center equipment     6,973,295       5,760,146  
 Gross Property and equipment     7,168,488       6,595,236  
Less: Accumulated depreciation     (4,956,698 )     (4,657,765 )
Net property and equipment   $ 2,211,790     $ 1,937,471  

 

Depreciation expense for the year ended December 31, 2022, and 2021 was $946,989 and $959,974, respectively.