Quarterly report pursuant to Section 13 or 15(d)

Property and equipment

v3.23.2
Property and equipment
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and equipment

Note 3 – Property and Equipment

 

Property and equipment consists of the following as of:

 

    June 30,
2023		     December 31,
2022		  
Website and software development   $ 52,962,606     $ 50,697,486  
Furniture and fixtures     854,818       851,926  
Computers and electronics     1,015,853       1,015,853  
Vehicles     325,504       325,504  
Leasehold improvements     300,673       300,673  
Video and equipment     176,903       176,903  
Total - Gross     55,636,357       53,368,345  
Less: Accumulated depreciation     (44,429,602 )     (40,452,572 )
Total - Net   $ 11,206,755     $ 12,915,773  

 

Depreciation of property and equipment for three months ended June 30, 2023 and 2022 was $1,978,114 and $2,142,433, respectively. Depreciation of property and equipment for the six months ended June 30, 2023 and 2022 was $3,977,030 and $4,096,895, respectively.