Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

   

March 31,

2017

    

December 31,

2016

  
Storage equipment   $ 2,100,932       2,100,932  
Website and software     533,418       533,418  
Furniture and fixtures     14,037       14,037  
Computer hardware and software     86,184       86,184  
Data Center Equipment     2,413,775       666,680  
      5,148,346       3,401,251  
Less:  Accumulated depreciation     3,309,746       3,222,591  
Net property and equipment   $ 1,838,601       178,660  

 

Depreciation expense for the three months ended March 31, 2017 and 2016 was $87,154 and $63,707, respectively.