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 consisted of the following as of:

 

    March 31,
2022		     December 31,
2021		  
Website and software development   $ 45,527,865     $ 43,265,793  
Furniture and fixtures     851,926       851,926  
Computers and electronics     1,001,625       994,925  
Vehicles     439,662       430,162  
Leasehold improvements     237,190       237,190  
Video and equipment     176,903       176,903  
Total - Gross     48,235,171       45,956,899  
Less: accumulated depreciation     (34,210,485 )     (32,256,023 )
Total - Net   $ 14,024,686     $ 13,700,876  

 

Depreciation of property and equipment for the three months ended March 31, 2022 and 2021 amounted to $1,954,462 and $1,773,773, respectively.