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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Commitments and Contingencies (Details Narrative)

v3.2.0.727

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jan. 31, 2008
Total debt amount available under revolving credit facility				$ 100,000
Total debt amount available under revolving credit facility		$ 100,292
Operating Leases, Rent Expense	$ 4,500
Operating Leases, Rent Expense, Net		$ 65,230	$ 57,463
Minimum [Member]
Interest Rate On Debt Under Revolving Credit Facility Excluding Prime Rate		0.50%
Maximum [Member]
Interest Rate On Debt Under Revolving Credit Facility Excluding Prime Rate		37.50%
Garden City [Member]
Description of rental payment		The lease for office space in Garden City, NY called for escalating monthly payments ranging from $6,056 to $6,617 plus a portion of the operating expenses through June 2014. This lease was renewed for an additional year in 2014 to extend through June 30, 2015 at the rate of $6,617 per month. This lease was renewed again in 2015 for another additional year through June 30, 2016 at a rate of $6,773 per month.
Operating Leases, Rent Expense		$ 6,617
Garden City [Member] \| Minimum [Member]
Operating Leases, Rent Expense		6,056
Garden City [Member] \| Maximum [Member]
Operating Leases, Rent Expense		6,773
Warwick, RI [Member] \| Minimum [Member]
Operating Leases, Rent Expense		2,324
Warwick, RI [Member] \| Maximum [Member]
Operating Leases, Rent Expense		$ 2,460
Waltham, MA [Member]
Lease Expiration Date		Jan. 31, 2019
Operating Leases, Rent Expense		$ 29,000

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+ References

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The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

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-Name Regulation S-X (SX)

-Number 210

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-Paragraph 19, 20, 22

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-SubTopic 10

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Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 20

-Section 50

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