Property and Equipment

9 Months Ended

Sep. 30, 2021

Property and Equipment

6. Property and Equipment

6. Property and Equipment

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

	SEPTEMBER 30,		DECEMBER 31,
	2021		2020
	(Unaudited)
Computer hardware and software	$	2,671,326	$	2,271,000
Furniture and fixtures		454,624		462,361
Leasehold improvements		303,733		318,449
Automobiles		92,108		31,913
Gross property and equipment		3,521,791		3,083,723
Less: accumulated depreciation and amortization		2,688,209		2,510,684
Property and equipment, net	$	833,582	$	573,039

During the three and nine month periods ended September 30, 2021, property and equipment depreciation expense was approximately $89,200 and $248,900, respectively. During the three and nine month periods ended September 30, 2020, property and equipment depreciation expense was approximately $117,000 and $328,300, respectively.

During the nine month periods ended September 30, 2021 and 2020, 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 nine month periods ended September 30, 2021 and 2020.