Quarterly report pursuant to Section 13 or 15(d)

4. Property and Equipment, Net

v3.21.1
4. Property and Equipment, Net
 3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Note 4: Property and Equipment, Net

 

The Company has property and equipment as follows as of March 31, 2021 and December 31, 2020:

 

    March 31, 2021     December 31, 2020  
Furniture and Equipment   $ 19,419     $ 19,419  
Computer Equipment     325,285       168,122  
Leasehold Improvements     14,182       14,182  
Software     75,652       68,152  
Property and Equipment, Gross     434,538       269,875  
Less Accumulated Depreciation     (188,611 )     (174,047 )
Property and Equipment, Net   $ 245,927     $ 95,828  

 

During the three months ended March 31, 2021 and 2020, the Company recorded depreciation expense of $14,564 and $44,942, respectively.