Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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

Note 3 – Property and equipment

 

Property and equipment consisted of the following as of:

 

    September 30,
2021		     December 31,
2020		  
Website and software development   $ 40,624,004     $ 33,894,207  
Furniture and fixtures     850,511       843,575  
Computers and electronics     978,480       696,684  
Vehicles     430,162       430,162  
Leasehold improvements     237,190       219,757  
Video and equipment     176,903       176,903  
Total - Gross     43,297,250       36,261,288  
Less: accumulated depreciation     (30,271,923 )     (24,790,928 )
Total - Net   $ 13,025,327     $ 11,470,360  

 

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

 

    September 30,
2021		     December 31,
2020		  
Gross value at cost   $ 303,230     $ 303,230  
Less: accumulated depreciation     (277,915 )     (269,382 )
Net   $ 25,315     $ 33,848  

 

Depreciation of property and equipment for the three months ended September 30, 2021 and 2020 amounted to $1,887,641 and $1,726,574, respectively. and for nine months ended September 30, 2021 and 2020 amounted to $5,480,995 and $5,034,672, respectively.