Data Storage Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 3 - Property and Equipment

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

	September
	30,		December 31,
	2014		2013
Storage equipment	$	2,205,243	$	2,205,243
Website and software		622,667		622,667
Furniture and fixtures		22,837		23,861
Computer hardware and software		91,687		91,687
Data center equipment		947,365		916,070
		3,889,799		3,859,528
Less: Accumulated depreciation		3,076,834		2,728,547
Net property and equipment	$	812,965	$	1,130,981

Depreciation expense for the nine months ended September 30, 2014 and 2013 was $348,287 and $430,091, respectively. Depreciation for the three months ended September 30, 2014 and 2013 was $115,394 and $ 155,673, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details