Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Note 10 - Property and Equipment

Property and equipment consisted of the following:

Schedule of Property and Equipment

Type	December 31, 2022			December 31, 2021			Estimated Useful Lives (Years)

Computer, office equipment and furniture	$	379,000		$	471,000			3 - 7
Less: accumulated depreciation/amortization		(320,000	)		(357,000	)
Property and equipment - net	$	59,000		$	114,000

During the year ended December 31, 2022, the Company determined that certain assets were no longer in service and had no future economic benefit. As a result, an impairment loss of $41,000 was recorded in the accompanying consolidated statements of operations.

During the year ended December 31, 2021, there were no impairment losses.

Depreciation and amortization expense for the years ended December 31, 2022 and 2021 was $417,000 and $842,000, respectively.

These amounts are included as a component of general and administrative expenses in the accompanying consolidated statements of operations.

SRAX, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021

SRAX, Inc. 10-K