Property and Equipment

6 Months Ended

Jun. 30, 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:

	JUNE 30,		DECEMBER 31,
	2023		2022
	(Unaudited)
Computer hardware and software	$	3,275,516	$	3,158,428
Furniture and fixtures		502,179		502,391
Leasehold improvements		288,375		284,321
Automobiles		128,814		122,524
Gross property and equipment		4,194,884		4,067,664
Less: accumulated depreciation and amortization		3,306,009		3,089,446
Property and equipment, net	$	888,875	$	978,218

During the three and six month periods ended June 30, 2023, property and equipment depreciation expense was approximately $78,600 and $195,000, respectively. During the three and six month periods ended June 30, 2022, property and equipment depreciation expense was approximately $110,000 and $204,200, respectively.

During the three and six month periods ended June 30, 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 and six month periods ended June 30, 2023 and 2022.