Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.24.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    December 31, 2023     December 31, 2022  
Leasehold improvements   $ -     $ 86,979  
Computer equipment     30,812       39,112  
Furniture and fixtures     10,299       37,590  
Total property and equipment     41,111       163,681  
Less: Accumulated depreciation     (29,310 )     (42,009 )
Property and equipment, net   $ 11,801     $ 121,672  

 

Depreciation expense on property and equipment for the years ended December 31, 2023 was $24,892 (December 31, 2022 - $22,413). During the year ended December 31, 2023, the Company disposed of property and equipment which resulted in a loss of $75,362 (December 31, 2022 - $nil). This is included in other losses.