Property and Equipment

3 Months Ended

Mar. 31, 2024

Property and Equipment

Property and Equipment

6. Property and Equipment

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

	MARCH 31,		DECEMBER 31,
	2024		2023
	(Unaudited)
Computer hardware and software	$	3,343,801	$	3,355,488
Furniture and fixtures		501,098		503,913
Leasehold improvements		323,847		330,040
Automobiles		128,187		128,994
Gross property and equipment		4,296,933		4,318,435
Less: accumulated depreciation and
amortization		3,601,665		3,537,635
Property and equipment, net	$	695,268	$	780,800

During the three month periods ended March 31, 2024 and 2023 property and equipment depreciation expense was approximately $91,100 and $116,400, respectively.

During the three month periods ended March 31, 2024 and 2023, 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, 2024 and 2023.