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Property and Equipment
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 – Property and Equipment

 

Property and equipment consisted of the following:

 

           Estimated
Type  September 30, 2021   December 31, 2020  

Useful

Lives (Years)

            
Computer equipment and software  $283,485   $273,256   3 - 5
Furniture and fixtures   82,752    47,526   5 - 7
Leasehold improvements   1,789    21,512   15
    368,026    342,294    
Less: accumulated depreciation   (150,956)   (105,484)   
Property and equipment - net  $217,070   $236,810    

 

Depreciation expense for the three months ended September 30, 2021 and 2020 was $17,756 and $17,911, respectively.

 

Depreciation expense for the nine months ended September 30, 2021 and 2020 was $50,491 (including $5,019 of depreciation from TW prior to deconsolidation) and $48,892, respectively.

 

These amounts are included as a component of general and administrative expenses in the accompanying consolidated statements of operations.

 

In connection with the deconsolidation of TW, the Company disposed of property and equipment with a net carrying amount of $20,645.

 

 

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2021