Property and Equipment

3 Months Ended

Mar. 31, 2020

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, 2020		December 31, 2019
Furniture and fixtures	$	293,152	$	293,152
Equipment	1,043,521		1,025,357
Capitalized internal use and purchased software	10,601,987		10,309,298
Leasehold improvements	421,016		421,016
Subtotal	12,359,676		12,048,823
Less: accumulated depreciation and amortization	(11,044,043)		(10,674,671)
Total	$	1,315,633	$	1,374,152

During the three months ended March 31, 2020 and March 31, 2019, depreciation expense was $369,372 and $441,841, respectively.