Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.1
Property and Equipment
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4- Property and Equipment

 

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

 

    March 31,   December 31,
    2023   2022
Storage equipment   $ 60,288     $ 60,288  
Furniture and fixtures     20,860       20,860  
Leasehold improvements     20,983       20,983  
Computer hardware and software     100,426       93,062  
Data center equipment     7,394,905       6,973,295  
 Gross Property and equipment     7,597,462       7,168,488  
Less: Accumulated depreciation     (5,177,980 )     (4,956,698 )
Net property and equipment   $ 2,419,482     $ 2,211,790  

 

Depreciation expense for the three months ended March 31, 2023, and 2022 was $218,979 and $281,608, respectively.