XML 19 R9.htm IDEA: XBRL DOCUMENT v3.23.2
Property, Equipment and Software, net
6 Months Ended
Jun. 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:

June 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

(155,698)

(34,218)

Total property, equipment and software, net

$

688,716

$

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 our proprietary Colossus SSP platform in November 2022 from its third-party developer.  Depreciation and amortization expense related to property, equipment and software was $64,987 and $0 for the three months ended June 30, 2023 and 2022, respectively, and $121,480 and $0 for the six months ended June 30, 2023 and 2022, respectively.

The following table summarizes depreciation and amortization expense by line item for the three and six months ended June 30, 2023 and 2022:

Three Months Ended

For the Six Months 

June 30, 

June 30, 

2023

    

2022

2023

    

2022

Cost of revenue

$

56,351

$

$

104,005

$

General and administrative

8,636

17,475

Total depreciation and amortization

$

64,987

$

$

121,480

$