XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
FIXED ASSETS, NET
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
FIXED ASSETS, NET

2.     FIXED ASSETS, NET

 

Fixed assets consist of the following:

        
   September 30,
2022
   December 31,
2021
 
Equipment  $2,135,995   $2,067,834 
Software   323,355    315,855 
Furniture and fixtures   757,662    757,662 
Website costs   69,881    69,881 
Leasehold improvements   229,772    229,772 
    3,516,665    3,441,004 
Less: accumulated depreciation   2,182,004    1,798,023 
Fixed assets, net  $1,334,661   $1,642,981 

 

Depreciation expense for the three months ended September 30, 2022 and 2021 was $113,758 and $134,296, respectively. Depreciation expense for the nine months ended September 30, 2022 and 2021 was $383,980 and $399,421, respectively.