Quarterly report pursuant to Section 13 or 15(d)

Property, Equipment and Software, net

v3.23.3
Property, Equipment and Software, net
9 Months Ended
Sep. 30, 2023
Property, Equipment and Software, net  
Property, Equipment and Software, net

Note 3 — Property, Equipment and Software, net

Property, equipment and software, net consists of the following:

September 30, 

    

December 31, 

2023

    

2022

Furniture and fixtures

$

127,932

$

118,601

Computer equipment

19,636

16,985

Leasehold Improvements

36,230

Capitalized software

660,616

571,850

Property, equipment and software, gross

844,414

707,436

Less: accumulated depreciation and amortization

(219,386)

(34,218)

Total property, equipment and software, net

$

625,028

$

673,218

The Company moved headquarters in 2022 and capitalized furniture and fixtures, computer equipment and leasehold improvements related to the move.  The Company acquired the license to its proprietary Colossus SSP platform in November 2022 from its third-party developer. The following table summarizes depreciation and amortization expense related to property, equipment and software by line item for the three and nine months ended September 30, 2023 and 2022:

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2023

    

2022

2023

    

2022

Cost of revenue

$

55,051

$

$

159,057

$

General and administrative

8,638

26,112

Total depreciation and amortization

$

63,689

$

$

185,169

$