Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
 6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

    June 30,     December 31,  
    2020     2019  
Storage equipment   $ 756,236     $ 756,236  
Website and software     533,417       533,417  
Furniture and fixtures     27,131       27,131  
Leasehold improvements     20,983       16,846  
Computer hardware and software     1,223,505       1,218,464  
Data center equipment     5,059,746       4,341,993  
      7,621,018       6,894,087  
Less: Accumulated depreciation     (5,102,723 )     (4,705,256 )
Net property and equipment   $ 2,518,295     $ 2,188,831  

 

Depreciation expense for the six months ended June 30, 2020 and 2019 was $397,467 and $353,469, respectively.