Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
 
The net carrying value of property and equipment was as follows as of:
 
June 30, 2017
 
December 31, 2016
Furniture and fixtures
$
284,780

 
$
241,876

Equipment
938,420

 
811,948

Software
6,703,047

 
6,132,626

Leasehold improvements
441,382

 
441,382

Subtotal
8,367,629

 
7,627,832

Less: accumulated depreciation and amortization
(6,690,698
)
 
(6,012,609
)
Total
$
1,676,931

 
$
1,615,223



During the three and six months ended June 30, 2017 and depreciation expense was $343,075 and $671,129. During the three and six months ended June 30, 2016, depreciation expense was $327,200 and $633,468, respectively.