Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.3
Property and Equipment
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4- Property and Equipment

 

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

 

               
    September 30,   December 31,
    2023   2022
Storage Equipment   $ 60,288     $ 60,288  
Furniture and Fixtures     21,625       20,860  
Leasehold Improvements     20,983       20,983  
Computer Hardware and Software     113,427       93,062  
Data Center Equipment     7,323,881       6,973,295  
 Gross Property and equipment     7,540,204       7,168,488  
Less: Accumulated Depreciation     (4,801,184 )     (4,956,698 )
Net Property and Equipment   $ 2,739,020     $ 2,211,790  

 

Depreciation expense for the three months ended September 30, 2023, and 2022 was $269,372 and $222,009, respectively. Depreciation expense for the nine months ended September 30, 2023, and 2022 was $719,766 and $724,315, respectively.