Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.1
Property and Equipment
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

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

 

         
    March 31,   December 31,
    2022   2021
Storage equipment   $ 476,887     $ 476,887  
Furniture and fixtures     19,491       19,491  
Leasehold improvements     20,983       20,983  
Computer hardware and software     321,266       317,729  
Data center equipment     6,663,863       5,760,146  
      7,502,490       6,595,236  
Less: Accumulated depreciation     (4,939,373 )     (4,657,765 )
Net property and equipment   $ 2,563,117     $ 1,937,471  

 

Depreciation expense for the three months ended March 31, 2022 and 2021 was $281,608 and $218,689, respectively.