Property and Equipment

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

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

	SEPTEMBER 30,		DECEMBER 31,
	2020		2019
	(Unaudited)
Computer hardware and software	$	2,216,824	$	2,041,978
Furniture and fixtures		452,117		399,521
Leasehold improvements		298,080		299,340
Automobiles		30,063		56,800
Gross property and equipment		2,997,084		2,797,639
Less: accumulated depreciation and
amortization		2,377,311		2,116,064
Property and equipment, net	$	619,773	$	681,575

During the three and nine month periods ended September 30, 2020, property and equipment depreciation expense was approximately $117,000 and $328,300, respectively, as compared to $142,600 and $417,400, respectively, for the three and nine month periods ended September 30, 2019.

During the nine month periods ended September 30, 2020 and 2019, there were no material disposals of owned property and equipment.

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, 2020 and 2019.