Property and Equipment

9 Months Ended

Sep. 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:

	SEPTEMBER 30,		DECEMBER 31,
	2019		2018
	(Unaudited)
Computer hardware and software	$	1,962,588	$	2,110,298
Furniture and fixtures		334,430		333,539
Leasehold improvements		257,941		268,561
Automobiles		54,106		178,597
Gross property and equipment		2,609,065		2,890,995
Less: accumulated depreciation and
amortization		2,027,398		1,878,311
Property and equipment, net	$	581,667	$	1,012,684

During the three and nine month periods ended September 30, 2019, property and equipment depreciation expense was approximately $280,500 and $832,700, respectively, as compared to $139,100 and $414,500, respectively, for the three and nine month periods ended September 30, 2018.

During the nine month period ended September 30, 2019 there were no material disposals of owned property and equipment. During the nine month period ended September 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 nine month periods ended September 30, 2019 and 2018.