PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

Property and equipment is summarized as follows:

	March 31, 2023		December 31, 2022
Furniture and equipment	$	1,436,592	$	1,423,032
Leasehold improvements	306,312		306,312
Less accumulated depreciation	(689,841)		(581,381)
Total property and equipment, net	$	1,053,063	$	1,147,963

Depreciation expense was $108,460 and $30,839 for the three months ended March 31, 2023 and 2022, respectively.

Intangible assets, net of accumulated amortization, were $185,910 and $222,100 as of March 31, 2023 and December 31, 2022, respectively, and are included in other assets. Amortization expense was $36,190 and $32,000 for the three months ended March 31, 2023 and 2022, respectively