Property and Equipment

3 Months Ended

Mar. 31, 2023

Property and Equipment

Property and Equipment

7. Property and Equipment

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

	MARCH 31,		DECEMBER 31,
	2023		2022
	(Unaudited)
Computer hardware and software	$	3,268,634	$	3,158,428
Furniture and fixtures		501,973		502,391
Leasehold improvements		288,215		284,321
Automobiles		125,664		122,524
Gross property and equipment		4,184,486		4,067,664
Less: accumulated depreciation and
amortization		3,205,853		3,089,446
Property and equipment, net	$	978,633	$	978,218

During the three month periods ended March 31, 2023 and 2022, property and equipment depreciation expense was approximately $116,400 and $93,700, respectively.

During the three month periods ended March 31, 2023 and 2022, 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 month periods ended March 31, 2023 and 2022.