Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and equipment

Note 3 – Property and equipment

 

Property and equipment consisted of the following as of:

 

    June 30,
2021		     December 31,
2020		  
Website and software development   $ 37,922,840     $ 33,894,207  
Furniture and fixtures     850,511       843,575  
Computers and electronics     956,101       696,684  
Vehicles     430,162       430,162  
Leasehold improvements     237,190       219,757  
Video and equipment     176,903       176,903  
Total - Gross     40,573,707       36,261,288  
Less: accumulated depreciation     (28,384,282 )     (24,790,928 )
Total - Net   $ 12,189,425     $ 11,470,360  

 

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

 

    June 30,
2021		     December 31,
2020		  
Gross value at cost   $ 303,230     $ 303,230  
Less: accumulated depreciation     (280,790 )     (269,382 )
Net   $ 22,440     $ 33,848  

 

Depreciation of property and equipment for the three months ended June 30, 2021 and 2020 amounted to $1,819,581 and $1,783,415, respectively and for the six months ended June 30, 2021 and 2020 amounted to $3,593,354 and $3,308,098, respectively.