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Property and Equipment
6 Months Ended
Jun. 30, 2023
Property and Equipment  
Property and Equipment

Note 4 – Property and Equipment

 

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

 

 

 

June 30,

2023

 

 

December 31,

2022

 

Furniture and fixtures

 

$293,152

 

 

$293,152

 

Equipment

 

 

1,274,851

 

 

 

1,265,752

 

Capitalized internal use and purchased software

 

 

15,330,939

 

 

 

14,503,608

 

Leasehold improvements

 

 

458,885

 

 

 

458,885

 

Subtotal

 

 

17,357,827

 

 

 

16,521,397

 

Less: accumulated depreciation and amortization

 

 

(15,677,379)

 

 

(14,852,425)

Total

 

$1,680,448

 

 

$1,668,972

 

 

During the six months ended June 30, 2023 and June 30, 2022, depreciation expense was $824,954 and $729,732, respectively.