Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2
Property and Equipment
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 – Property and equipment

 

Property and equipment consisted of the following as of:

 

    June 30,
2022		     December 31,
2021		  
Website and software development   $ 47,699,891     $ 43,265,793  
Furniture and fixtures     851,926       851,926  
Computers and electronics     1,012,840       994,925  
Vehicles     439,662       430,162  
Leasehold improvements     255,136       237,190  
Video and equipment     176,903       176,903  
Total - Gross     50,436,358       45,956,899  
Less: accumulated depreciation     (36,352,918 )     (32,256,023 )
Total - Net   $ 14,083,440     $ 13,700,876  

 

Depreciation of property and equipment for the three months ended June 30, 2022 and 2021 amounted to $2,142,433 and $1,819,581, respectively, and for six months ended June 30, 2022 and 2021 amounted to $4,096,895 and $3,593,354, respectively.