Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.1
Property and Equipment
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 – Property and Equipment

 

Property and equipment consisted of the following as of:

 

    March 31,
2021
    December 31,
2020
 
Website and software development   $ 35,653,382     $ 33,894,207  
Furniture and fixtures     848,283       843,575  
Computers and electronics     705,075       696,684  
Vehicles     430,162       430,162  
Leasehold improvements     219,757       219,757  
Video and equipment     176,903       176,903  
Total - Gross     38,033,562       36,261,288  
Less: accumulated depreciation     (26,564,701 )     (24,790,928 )
Total - Net   $ 11,468,861     $ 11,470,360  

 

Property and equipment included the following amounts for assets recorded under capital leases.

 

    March 31,
2021
    December 31,
2020
 
Gross value at cost   $ 303,230     $ 303,230  
Less: accumulated depreciation     (272,195 )     (269,382 )
Net   $ 31,035     $ 33,848  

 

Depreciation of property and equipment for the three months ended March 31, 2021 and 2020 amounted to $1,773,773 and $1,524,683, respectively.