Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

    December 31,
    2018   2017
Storage equipment   $ 756,236     $ 756,236  
Website and software     533,418       533,418  
Furniture and fixtures     25,975       15,695  
Leasehold improvements     13,104       11,719  
Computer hardware and software     1,211,658       1,194,120  
Data center equipment     2,753,320       2,726,777  
      5,293,711       5,237,965  
Less: Accumulated depreciation     4,005,338       3,614,177  
Net property and equipment   $ 1,288,373     $ 1,623,788  

 

Depreciation expense for the years ended December 31, 2018 and 2017 was $405,199 and $391,586, respectively.