Property and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment consist of the following:

	September 30, 2021		December 31, 2020
Office and computer equipment	$	3,243,782	$	2,194,348
Leasehold improvements	12,000,474		8,391,675
Software developed	5,034,989		1,193,007
Finance lease assets	267,252		282,027
	20,546,497		12,061,057
Accumulated depreciation and amortization	(8,417,607)		(6,890,837)
	12,128,890		5,170,220
Construction in progress	1,225,096		3,577,149
Property and equipment, net	$	13,353,986	$	8,747,369

Depreciation expense was $700,953 and $344,324 for the three months ended September 30, 2021 and 2020, respectively. Depreciation expense was $1,506,660 and $954,065 for the nine months ended September 30, 2021 and 2020, respectively.

Amortization expense related to finance lease assets was $21,797 and $18,850 for the three months ended September 30, 2021 and 2020, respectively. Amortization expense related to finance lease assets was $63,506 and $49,024 for the nine months ended September 30, 2021 and 2020, respectively.

Construction in progress at September 30, 2021 and December 31, 2020 principally relates to development and construction costs for the Company-owned or managed clinics.