Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
 9 Months Ended
Sep. 30, 2022
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, 2022 December 31, 2021
Furniture and fixtures $ 293,152  $ 293,152 
Equipment 1,263,308  1,164,671 
Capitalized internal use and purchased software 14,125,059  12,914,820 
Leasehold improvements 461,325  458,885 
Subtotal 16,142,844  14,831,528 
Less: accumulated depreciation and amortization (14,449,437) (13,324,762)
Total $ 1,693,407  $ 1,506,766 

During the three months ended September 30, 2022 and September 30, 2021, depreciation expense was $394,942 and $325,112, respectively. During the nine months ended September 30, 2022 and September 30, 2021, depreciation expense was $1,124,674 and $944,746, respectively.