Quarterly report pursuant to Section 13 or 15(d)

Property and equipment

v3.22.2.2
Property and equipment
 9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and equipment

Note 3 – Property and equipment

 

Property and equipment consisted of the following as of:

 

    September 30,
2022		     December 31,
2021		  
Website and software development   $ 49,226,367     $ 43,265,793  
Furniture and fixtures     851,926       851,926  
Computers and electronics     1,014,132       994,925  
Vehicles     325,504       430,162  
Leasehold improvements     273,365       237,190  
Video and equipment     176,903       176,903  
Total - Gross     51,868,197       45,956,899  
Less: accumulated depreciation     (38,379,181 )     (32,256,023 )
Total - Net   $ 13,489,016     $ 13,700,876  

 

Depreciation of property and equipment for the three months ended September 30, 2022 and 2021 amounted to $2,113,695 and $1,887,641, respectively, and for nine months ended September 30, 2022 and 2021 amounted to $6,210,590 and $5,480,995, respectively.