Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.4
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 – Property and Equipment

 

Property and equipment consisted of the following as of:

 

    December 31,  
    2020     2019  
Website and software development   $ 33,894,207     $ 26,611,163  
Furniture and fixtures     843,575       843,576  
Computers and electronics     696,684       677,943  
Vehicles     430,162       467,463  
Leasehold improvements     219,757       219,757  
Video and equipment     176,903       176,903  
Total - Gross     36,261,288       28,996,805  
Less: accumulated depreciation     (24,790,928 )     (17,976,024 )
Total - Net   $ 11,470,360     $ 11,020,781  

 

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

 

    December 31,  
    2020     2019  
Gross value at cost   $ 303,230     $ 343,433  
Less: accumulated depreciation     (269,382 )     (278,087 )
Net   $ 33,848     $ 65,346  

 

Depreciation of property and equipment for the years ended December 31, 2020 and 2019 amounted to $6,859,237 and $5,847,413, respectively.