Property and Equipment

12 Months Ended

Dec. 31, 2021

Property and Equipment

Property and Equipment

8. Property and Equipment

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

	DECEMBER 31,		DECEMBER 31,
	2021		2020
Computer hardware and software	$	2,700,807	$	2,271,000
Furniture and fixtures		454,401		462,361
Leasehold improvements		298,352		318,449
Automobiles		137,105		31,913
Gross property and equipment		3,590,665		3,083,723
Less: accumulated depreciation and
amortization		2,749,532		2,510,684
Property and equipment, net	$	841,133	$	573,039

During the years ended December 31, 2021 and 2020, the Company purchased for cash property and equipment totaling approximately $258,200 and $254,000, respectively.

During the years ended December 31, 2021 and 2020, property and equipment depreciation expense was approximately $333,800 and $402,700, respectively.

During the years ended December 31, 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 years ended December 31, 2021 and 2020.