Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.2
Property and Equipment
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

Property and equipment at June 30, 2023 and December 31 2022 consisted of the following:

    June 30,     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 and six months ended June 30, 2023 and 2022, respectively. Management periodically reviews the valuation of long-lived assets, including property and equipment, for potential impairment.