XML 28 R11.htm IDEA: XBRL DOCUMENT v3.20.1
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. PROPERTY AND EQUIPMENT

 

Property and equipment are comprised of the following as of December 31, 2019 and 2018:

 

    2019     2018  
Computer equipment   $ 1,025,287     $ 992,336  
Furniture and fixtures     136,524       136,524  
Leasehold improvements     41,257       41,257  
Office equipment     591,111       589,357  
      1,794,179       1,759,474  
Less – Accumulated depreciation and amortization     (1,612,448 )     (1,494,891 )
    $ 181,731     $ 264,583  

 

Depreciation expense for the years ended December 31, 2019 and 2018 amounted to $117,557 and $88,545, respectively.