Property and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Major classes of property and equipment consisted of the following as of the periods presented below:

	DECEMBER 31,
	2018		2017
Computer hardware and software	$	2,110,298	$	1,943,180
Furniture and fixtures		333,539		296,316
Leasehold improvements		268,561		260,748
Automobiles		178,597		188,238
Gross property and equipment		2,890,995		2,688,482
Less: accumulated depreciation and amortization		1,878,311		1,370,062
Property and equipment, net	$	1,012,684	$	1,318,420

During the year ended December 31, 2018 and 2017, the Company purchased for cash property and equipment totaling approximately $261,500 and $695,600, respectively.

During the year ended December 31, 2017, the Company relocated from the Lewis Center Facility to a larger facility in Columbus and abandoned undepreciated building and leasehold improvements with a gross cost and accumulated depreciation of approximately $282,200 and $105,500, respectively. The Company recorded within general and administrative expenses a non-cash loss on disposal of approximately $176,700 as a result of the move.

During the year ended December 31, 2018, there were disposals of fully depreciated owned property and equipment with related cost and accumulated depreciation of approximately $129,600. During the year ended December 31, 2017, there were disposals of fully depreciated owned property and equipment with related cost and accumulated depreciation of approximately $398,600 and building and leasehold improvements with a net book value of approximately $176,700.

There were no changes in the estimated useful lives used to depreciate property and equipment during the years ended December 31, 2018 and 2017.

Assets under capital lease included in the table above consisted of the following as of the periods presented below:

	DECEMBER 31,
	2018		2017
Automobiles	$	95,600	$	100,882
Computer hardware and software		290,223		290,223
Gross leased property and equipment	$	385,823	$	391,105
Less: accumulated amortization		115,570		20,890
Capital lease assets, net	$	270,253	$	370,215

During the years ended December 31, 2018, there were no new capital leases recorded. During the year ended December 31, 2017, the Company recorded capital lease assets and related obligations of approximately $391,100, of which approximately $93,300 relates to two automobiles under capital lease arrangements and the remainder relates to computer hardware and software for our internal customer facing infrastructure.

During the year ended December 31, 2018, the Company did not sell or dispose of any assets under capital leases. During the year ended December 31, 2017 the Company disposed of two leased automobiles with a net book value of $47,800 and received gross proceeds of approximately $51,800. The Company recognized a net gain on disposal of approximately $4,100.

Property and equipment depreciation expense (including amortization of capital lease property) was as follows for the periods presented below:

	YEARS ENDED
	DECEMBER 31,
	2018		2017
Owned property and equipment depreciation	$	429,605	$	400,837
Leased property and equipment amortization		121,700		13,800
Total property and equipment depreciation and
amortization	$	551,305	$	414,637