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Property and Equipment
6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

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

 

    JUNE 30,     DECEMBER 31,  
    2019     2018  
    (Unaudited)  
Computer hardware and software   $ 1,948,387     $ 2,110,298  
Furniture and fixtures     339,683       333,539  
Leasehold improvements     267,003       268,561  
Automobiles     82,304       178,597  
Gross property and equipment     2,637,377       2,890,995  
Less: accumulated depreciation and                
amortization     1,979,303       1,878,311  
                 
Property and equipment, net   $ 658,074     $ 1,012,684  

 

During the three and six month periods ended June 30, 2019, property and equipment depreciation expense was approximately $140,000 and $275,000, respectively, as compared to $100,020 and $275,375, respectively, for the three and six month periods ended June 30, 2018.

 

During the six month period ended June 30, 2019 there were no material disposals of owned property and equipment. During the six month period ended June 30, 2018 there were disposals of fully depreciated owned property and equipment with related cost and accumulated depreciation of approximately $129,000.

 

There were no changes in the estimated useful lives used to depreciate property and equipment during the three and six month periods ended June 30, 2019 and 2018.