FIXED ASSETS, NET

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

FIXED ASSETS, NET

3.     FIXED ASSETS, NET

Fixed assets consist of the following: 

	December 31, 2021		December 31, 2020
Equipment	$	2,067,834	$	1,888,640
Software		315,855		200,282
Furniture and fixtures		757,662		752,212
Website costs		69,881		67,816
Leasehold improvements		229,772		203,488
		3,441,004		3,112,438
Less: accumulated depreciation		1,798,023		1,263,274
Fixed assets, net	$	1,642,981	$	1,849,164

Depreciation expense for the year ended December 31, 2021 and 2020 was $534,749 and $428,434, respectively. During the year ended December 31, 2020, the Company relocated its corporate headquarters and recognized a $42,898 loss on abandonment of assets primarily related to leasehold improvements.