Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
3 Months Ended
Mar. 31, 2024
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,
    2024   2023
Storage equipment   $ 60,288     $ 60,288  
Furniture and fixtures     21,625       21,625  
Leasehold improvements     20,983       20,983  
Computer hardware and software     123,792       117,379  
Data center equipment     7,970,174       7,617,950  
 Gross Property and equipment     8,196,862       7,838,225  
Less: Accumulated depreciation     (5,331,503 )     (5,105,451 )
Net property and equipment   $ 2,865,359     $ 2,732,774  

 

Depreciation expense for the three months ended March 31, 2024, and 2023 was $226,051 and $218,979, respectively.