Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.24.3
Property and Equipment
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4- Property and Equipment

 

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

 

               
    September 30,   December 31,
    2024   2023
Storage equipment   $ 60,288     $ 60,288  
Furniture and fixtures     30,305       21,625  
Leasehold improvements     —       20,983  
Computer hardware and software     135,020       117,379  
Data center equipment     8,699,571       7,617,950  
 Gross Property and equipment     8,925,184       7,838,225  
Less: Accumulated depreciation     (5,865,481 )     (5,105,451 )
Net property and equipment   $ 3,059,703     $ 2,732,774  

 

Depreciation expense for the three months ended September 30, 2024, and 2023 was $279,935 and $269,372, respectively. Depreciation expense for the nine months ended September 30, 2024, and 2023 was $787,481 and $720,037, respectively.