Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.1
Property and Equipment
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
 
The net carrying value of property and equipment was as follows as of:
  March 31, 2020 December 31, 2019
Furniture and fixtures $ 293,152    $ 293,152   
Equipment 1,043,521    1,025,357   
Capitalized internal use and purchased software 10,601,987    10,309,298   
Leasehold improvements 421,016    421,016   
Subtotal 12,359,676    12,048,823   
Less: accumulated depreciation and amortization (11,044,043)   (10,674,671)  
Total $ 1,315,633    $ 1,374,152   
During the three months ended March 31, 2020 and March 31, 2019, depreciation expense was $369,372 and $441,841, respectively.