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Property and Equipment
 3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
 
The net carrying value of property and equipment was as follows as of:
 
March 31, 2017
 
December 31, 2016
Furniture and fixtures
$
250,160

 
$
241,876

Equipment
930,984

 
811,948

Software
6,275,830

 
6,132,626

Leasehold improvements
441,382

 
441,382

Subtotal
7,898,356

 
7,627,832

Less: accumulated depreciation and amortization
(6,344,257
)
 
(6,012,609
)
Total
$
1,554,099

 
$
1,615,223



During the three months ended March 31, 2017 and March 31, 2016, depreciation expense was $328,054 and $306,268, respectively.