Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.3
Property and Equipment
9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
 
The net carrying value of property and equipment was as follows as of:
  September 30, 2019 December 31, 2018
Furniture and fixtures $ 293,152    $ 293,152   
Equipment 1,013,792    1,527,054   
Capitalized internal use and purchased software 10,019,804    9,142,075   
Leasehold improvements 421,016    421,016   
Subtotal 11,747,764    11,383,297   
Less: accumulated depreciation and amortization (10,280,654)   (9,259,625)  
Total $ 1,467,110    $ 2,123,672   
During the three and nine months ended September 30, 2019, depreciation expense was $412,660 and $1,286,086, respectively. During the three and nine months ended September 30, 2018, depreciation expense was $457,272 and $1,343,247, respectively.