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Property & Equipment, Intangible Assets, and Software Development Costs
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property & Equipment, Intangible Assets, and Software Development Costs

Note 2 – Property & Equipment, Intangible Assets, and Software Development Costs

 

Property and equipment and software development costs consisted of the following as of:

         
  

December 31,

2024

  

December 31,

2023

 
         
Computers and equipment  $110,551   $102,348 
Furniture   11,258    7,263 
Accumulated depreciation   (109,528)   (91,512)
Total property and equipment, net  $12,281   $18,099 
           
Domain name  $3,947   $3,947 
Accumulated amortization   (531)   – 
Total intangible assets, net  $3,416   $3,947 
           
Software development costs  $8,577,815   $7,655,206 
Accumulated amortization   (6,269,585)   (4,307,271)
Total software development costs, net  $2,308,230   $3,347,935 

 

The Company recognized depreciation expense of $18,016 and $25,391 for the years ended December 31, 2024 and 2023, respectively, related to property and equipment, amortization expense of $531 and $0 for the years ended December 31, 2024 and 2023, respectively, related to intangible assets, and amortization expense of $2,031,852 and $1,815,447 for the years ended December 31, 2024 and 2023, respectively, related to software development costs.