Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

Property and equipment at March 31, 2023 and December 31, 2022 consisted of the following:

 

    March 31,     December 31,  
    2023     2022  
             
Software   $ 1,435,875     $ 1,435,875  
Furniture     8,227       8,227  
Office equipment     30,931       30,931  
Computer equipment     324,131       324,131  
Property and equipment, gross     1,799,164       1,799,164  
Less accumulated depreciation     (1,799,164 )     (1,799,164 )
Property and equipment, net   $ —     $ —  

 

Depreciation expense on property and equipment was $0 and $0 for the three months ended March 31, 2023 and 2022, respectively. Management periodically reviews the valuation of long-lived assets, including property and equipment, for potential impairment.