Property and Equipment

6 Months Ended

Jun. 30, 2022

Property and Equipment

Property and Equipment

8. Property and Equipment

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

	JUNE 30,		DECEMBER 31,
	2022		2021
	(Unaudited)
Computer hardware and software	$	3,106,774	$	2,700,807
Furniture and fixtures		501,175		454,401
Leasehold improvements		278,892		298,352
Automobiles		123,678		137,105
Gross property and equipment		4,010,519		3,590,665
Less: accumulated depreciation and
amortization		2,857,629		2,749,532
Property and equipment, net	$	1,152,890	$	841,133

During the three month and six month periods ended June 30, 2022, property and equipment depreciation expense was approximately $110,000 and $204,200, respectively. During the three month and six month periods ended June 30, 2021, property and equipment depreciation expense was approximately $104,140 and $206,500, respectively.

During the six month periods ended June 30, 2022 and 2021, 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 six month periods ended June 30, 2022 and 2021.