Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
3 Months Ended
Mar. 31, 2014
Property and Equipment [Abstract]  
Property and Equipment
Note 3 - Property and Equipment
 
Property and equipment, at cost, consist of the following:
 
 
March 31,
2014
   
December 31,
2013
 
Storage equipment
 
$
2,205,243
   
$
2,205,243
 
Website and software
   
622,667
     
622,667
 
Furniture and fixtures
   
23,861
     
23,861
 
Computer hardware and software
   
91,687
     
91,687
 
Data Center Equipment
   
919,389
     
916,070
 
     
3,862,847
     
3,859,528
 
Less: Accumulated depreciation
   
2,844,441
     
2,728,547
 
Net property and equipment
 
$
1,018,406
   
$
1,130,981
 
 
Depreciation expense for the three months ended March 31, 2014 and 2013 was $115,894 and $163,784, respectively.