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Property and Equipment, Net
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net as of September 30, 2023 and December 31, 2022 are as follows:
September 30,
2023
December 31,
2022
Transportation equipment$23,327,391 $20,773,862 
Medical equipment6,864,138 5,177,520 
Office equipment and furniture3,507,597 2,686,065 
Leasehold improvements656,662 579,658 
Buildings527,283 527,283 
Land37,800 37,800 
$34,920,871 $29,782,188 
Less: Accumulated depreciation(13,068,208)(8,524,013)
Property and equipment, net$21,852,663 $21,258,175 
During the nine months ended September 30, 2023, the Company disposed of assets with a cost of $591,184 and accumulated depreciation of $154,443 for proceeds of $274,210. The Company recorded a loss on disposal of assets of $163,452.
The Company recorded depreciation expense of $1,625,070 and $1,150,806 for the three months ended September 30, 2023 and 2022, respectively.
The Company recorded depreciation expense of $4,697,717 and $2,592,244 for the nine months ended September 30, 2023 and 2022, respectively.