Annual report pursuant to Section 13 and 15(d)

Note 7 - Property and Equipment

v3.24.1
Note 7 - Property and Equipment
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 7.         Property and Equipment

 

Property and equipment consist of the following as of December 31:

 

   

2023

   

2022

 

Computer equipment and purchased software

  $ 365,874     $ 365,874  

Furniture and equipment

    117,307       117,307  

Leasehold improvements

    7,438       7,438  

Property and equipment, gross

    490,619       490,619  

Less: Accumulated depreciation

    (432,620

)

    (391,628

)

Property and equipment, net

  $ 57,999     $ 98,991  

 

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2023 and 2022, totaled $40,992 and $43,742, respectively.