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	$	—