Property and Equipment

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The net carrying value of property and equipment was as follows as of:

	September 30, 2018		December 31, 2017
Furniture and fixtures	$	293,152	$	288,536
Equipment	1,525,057		1,509,464
Capitalized internal use and purchased software	8,809,333		7,582,181
Leasehold improvements	421,016		455,850
Subtotal	11,048,558		9,836,031
Less: accumulated depreciation and amortization	(8,787,591)		(7,529,752)
Total	$	2,260,967	$	2,306,279

During the three and nine months ended September 30, 2018, depreciation expense was $457,272 and $1,343,247, respectively. During the three and nine months ended September 30, 2017, depreciation expense was $406,014 and $1,077,143, respectively.