FIXED ASSETS, NET

9 Months Ended

Sep. 30, 2019

4. FIXED ASSETS, NET

Fixed assets, net consisted of the following:



	As of		As of
	September 30, 2019		December 31, 2018
Computer hardware and software	$	6,895,633	$	3,925,129
Furniture, fixture and equipment		20,480		5,910
Total depreciable property and equipment		6,916,113		3,931,039
Less: accumulated depreciation and amortization		(2,701,518)		(1,320,103)
Depreciable property, net		4,214,595		2,610,936
Assets under development		490,399		128,589
Fixed assets, net	$	4,704,994	$	2,739,525

Depreciation expense for the three months ended September 30, 2019 and 2018 was $558,650 and $240,031, respectively.

Depreciation expense for the nine months ended September 30, 2019 and 2018 was $1,381,415 and $570,910, respectively.