Property and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

7—Property and Equipment

Property and equipment at December 31, 2018 and 2017 consisted of the following:

	2018			2017			Estimated Useful Life
Office equipment	$	10,049,884		$	9,918,045			3-15 years
Automobiles		448,015			779,357			5 years
Real estate		4,977,813			7,971,590			5-50 years
Software		2,843,782			2,794,864			5 years
		18,319,494			21,463,856
Accumulated depreciation		(13,628,790	)		(14,183,441	)
	$	4,690,704		$	7,280,415

Depreciation expense for 2018, 2017 and 2016 amounted to $479,550, $478,800 and $742,861, respectively.