Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT

v3.25.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

    December 31, 2024     December 31, 2023  
Computer equipment and software     835,142       30,812  
Furniture and fixtures     2,358       10,299  
Total property and equipment     837,500       41,111  
Less: Accumulated amortization     (28,605 )     (29,310 )
Property and equipment, net   $ 808,895     $ 11,801  

 

Depreciation expense on property and equipment for the year ended December 31, 2024 was $18,792 (December 31, 2023 - $24,892). During the year ended December 31, 2024, the Company disposed of property and equipment which resulted in a loss of $4,252 (December 31, 2023 - $75,362). This is included in other losses.