PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 7. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	As of December 31,
	2023			2022
Computer and equipment	$	3,619,041		$	1,970,001
Lease improvements		1,094,025			952,952
Computer software		495,295			455,875
Furniture and fixtures		395,703			323,789
		5,604,064			3,702,617
Less: Accumulated depreciation		(2,486,900	)		(1,510,280	)
	$	3,117,164		$	2,192,337

Depreciation expense for the years ended December 31, 2023 and 2022 was $1,074,684 and $580,445, of which $101,581 was related to retiring legacy assets, respectively. Depreciation expense is allocated to cost of goods sold and operating expenses.

During the year ended December 31, 2023, the Company sold fixed assets and recognized a realized loss on disposal of $40,181.