Software and Equipment, net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Software and Equipment, net

3. Software and Equipment, net

Software and equipment, net consists of the following:

Schedule of software and equipment, net
	June 30, 2024		December 31, 2023
Software for internal use	$	136,284	$	136,284
Equipment		–		–
		136,284		136,284
Less accumulated depreciation and amortization		–		–
	$	136,284	$	136,284

Beginning in the fourth quarter of 2021, we began developing our digital transportation enablement and enhancement platform for customer use. In April 2023, we entered into a Services Agreement with Trinesis Technologies Private Limited under which Trinesis agreed to further develop our platform so that it would become robust and scalable. See Note 7. During the six months ended June 30, 2023, we recorded $10,000 as an addition to Software for Internal Use. Once the software is installed and fully tested and we begin to use it for its intended purposes, which we estimate will be later in calendar 2024, the costs will be amortized over a five-year period, which is the expected useful life. Additional costs to maintain the software will be expensed.

Equipment consists of computers.

Depreciation and amortization of software and equipment amounted to $NIL and $575 for the six months ended June 30, 2024 and 2023, respectively.