Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.1
Property and Equipment
3 Months Ended
Mar. 31, 2021
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, 2021 December 31, 2020
Furniture and fixtures $ 293,152  $ 293,152 
Equipment 1,108,686  1,052,199 
Capitalized internal use and purchased software 11,798,641  11,475,683 
Leasehold improvements 445,080  421,016 
Subtotal 13,645,559  13,242,050 
Less: accumulated depreciation and amortization (12,352,626) (12,054,989)
Total $ 1,292,933  $ 1,187,061 
During the three months ended March 31, 2021 and March 31, 2020, depreciation expense was $305,528 and $369,372, respectively.