3. FIXED ASSETS

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

FIXED ASSETS

3.     FIXED ASSETS

Fixed assets consist of the following:

	December 31, 2020		December 31, 2019
Equipment	$	1,888,640	$	2,026,549
Software		200,282		180,223
Furniture and fixtures		752,212		149,684
Website costs		67,816		34,971
Leasehold improvements		203,488		52,894
		3,112,438		2,444,321
Less: accumulated depreciation		1,263,274		1,507,136
Fixed assets, net	$	1,849,164	$	937,185

Depreciation expense for the year ended December 31, 2020 and 2019 was $428,434 and $410,019, respectively. During the year ended December 31, 2020, the Company relocated its corporate headquarters and recognized a $42,898 loss on abandonment of assets primarily related to leasehold improvements.