2. FIXED ASSETS, NET

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

FIXED ASSETS

2.     FIXED ASSETS, NET

Fixed assets consist of the following:

	June 30, 2020		December 31, 2019
Equipment	$	1,666,607	$	2,026,549
Software		180,223		180,223
Furniture and fixtures		801,060		149,684
Website costs		65,071		34,971
Leasehold improvements		70,508		52,894
		2,783,469		2,444,321
Less: accumulated depreciation		1,030,101		1,507,136
Fixed assets, net	$	1,753,368	$	937,185

Depreciation expense for the three months ended June 30, 2020 and 2019 was $102,933 and $78,994, respectively. Depreciation expense for the six months ended June 30, 2020 and 2019 was $195,261 and $138,775, respectively. During the three months ended June 30, 2020 the Company relocated its corporate headquarters and recognized a $42,898 loss on abandonment of assets primarily related to leasehold improvements.