Data Storage Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 3 - Property and Equipment

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

	December 31,
	2014		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		946,341		916,070
		3,889,799		3,859,528
Less: Accumulated depreciation		3,188,418		2,789,547
Net property and equipment	$	701,381	$	1,130,981

Depreciation expense for the years ended December 31, 2014 and 2013 was $459,871 and $539,522, 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.

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