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Property and Equipment
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 – Property and Equipment

 

Property and equipment consisted of the following:

 

           Estimated Useful
Type  September 30, 2024   December 31, 2023   Lives (Years)
            
Computer equipment and software  $1,006,286   $1,006,286   3 - 5
Furniture and fixtures   82,752    82,752   5 - 7
Property and Equipment - gross   1,089,038    1,089,038    
Less: accumulated depreciation/amortization   (930,946)   (727,197)   
Property and equipment - net  $158,092   $361,841    

 

Depreciation and amortization expense for the three months ended September 30, 2024 and 2023 was $282,067 and $211,149, respectively.

 

Depreciation and amortization expense for the nine months ended September 30, 2024 and 2023 was $861,001 and $701,279, respectively.

 

 

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2024

 

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