Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
3 Months Ended
Mar. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

   

March 31,

2015

   

December 31,

2014

 
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       946,341  
      3,889,799       3,889,799  
Less: Accumulated depreciation     3,295,923       3,188,418  
Net property and equipment   $ 593,876     $ 701,381  

 

Depreciation expense for the three months ended March 31, 2015 and 2014 was $107,505 and $115,894, respectively.