General form of registration statement for all companies including face-amount certificate companies

Property and Equipment

v3.22.4
Property and Equipment
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Property, Plant and Equipment [Abstract]    
Property and Equipment

4. Property and Equipment

Property and equipment consisted of the following:

 

Useful
Life (years)

 

September 30,
2022

 

December 31,
2021

   

Leasehold improvements

 

5.1

 

$

789,839

 

 

$

789,839

 

Property & equipment

 

5

 

 

1,968,677

 

 

 

1,216,609

 

Technology hardware equipment

 

5

 

 

1,181,094

 

 

 

773,535

 

Total

     

 

3,939,610

 

 

 

2,779,983

 

Less accumulated depreciation

     

 

(1,863,199

)

 

 

(1,492,892

)

Construction in progress

     

 

7,569,324

 

 

 

150,220

 

Total property and equipment, net

     

$

9,645,735

 

 

$

1,437,311

 

3. Property and Equipment

Property and equipment consisted of the following:

 

Useful
Life (years)

 

December 31,

   

2021

 

2020

Leasehold improvements

 

5.1

 

$

789,839

 

 

$

782,927

 

Property & equipment

 

5

 

 

1,216,609

 

 

 

622,872

 

Work-in-progress

 

5

 

 

150,220

 

 

 

 

Technology

 

5

 

 

773,535

 

 

 

601,917

 

Total

     

 

2,930,203

 

 

 

2,007,716

 

Less accumulated depreciation

     

 

(1,492,892

)

 

 

(1,127,795

)

Total property and equipment, net

     

$

1,437,311

 

 

$

879,921