Property and Equipment

9 Months Ended

Sep. 30, 2023

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, 2023		December 31, 2022
Furniture and fixtures	$	293,152	$	293,152
Equipment	1,287,925		1,265,752
Capitalized internal use and purchased software	15,740,652		14,503,608
Leasehold improvements	458,885		458,885
Subtotal	17,780,614		16,521,397
Less: accumulated depreciation and amortization	(16,098,187)		(14,852,425)
Total	$	1,682,427	$	1,668,972

During the three months ended September 30, 2023 and September 30, 2022, depreciation expense was $420,808 and $394,942, respectively. During the nine months ended September 30, 2023 and September 30, 2022, depreciation expense was $1,245,762 and $1,124,674, respectively.