Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.24.1
Property and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4- Property and Equipment

 

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

 

               
    December 31,   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     117,379       93,062  
Data center equipment     7,617,950       6,973,295  
 Gross Property and equipment     7,838,225       7,168,488  
Less: Accumulated depreciation     (5,105,451 )     (4,956,698 )
Net property and equipment   $ 2,732,774     $ 2,211,790  

 

Depreciation expense for the years ended December 31, 2023, and 2022 was $1,024,034 and $946,989, respectively.