Property and Equipment

9 Months Ended

Sep. 30, 2021

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, 2021		December 31, 2020
Furniture and fixtures	$	293,152	$	293,152
Equipment	1,129,835		1,052,199
Capitalized internal use and purchased software	12,532,394		11,475,683
Leasehold improvements	458,885		421,016
Subtotal	14,414,266		13,242,050
Less: accumulated depreciation and amortization	(12,991,844)		(12,054,989)
Total	$	1,422,422	$	1,187,061

During the three and nine months ended September 30, 2021, depreciation expense was $325,112 and $944,746, respectively. During the three and nine months ended September 30, 2020, depreciation expense was $335,769 and $1,053,802, respectively.