v3.25.2
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4: PROPERTY AND EQUIPMENT

 

The following table summarizes the components of the Company’s property and equipment as of the dates presented:

  

   December 31, 2024   December 31, 2023 
Furniture and Fixtures  $6,103   $6,103 
Computer Equipment   1,053,193    1,053,193 
Property and equipment, gross   1,059,296    1,059,296 
Accumulated depreciation   (806,393)   (649,771)
Property and equipment, net of accumulated depreciation  $252,903   $409,525 

 

Depreciation expense for the years ended December 31, 2024 and 2023, was $156,622 and $203,029, respectively, and recorded in general and administrative expenses.

 

During the years ended December 31, 2024 and 2023, the Company acquired property and equipment of $-0- and $185,523, respectively.