EQUIPMENT AND SOFTWARE LICENSES

9 Months Ended

Sep. 30, 2020

Equipment and software licenses consist of the following:

	September 30,			December 31,
	2020			2019
Equipment and software	$	599,141		$	489,151
Software licenses		1,302,141			868,041
		1,901,282			1,357,192
Less - Accumulated depreciation and amortization		(1,310,609	)		(1,147,188	)
	$	590,673		$	210,004

Depreciation and amortization expense related to assets for the three and nine months ended September 30, 2020 and 2019 was approximately $54,474 and $179,214 and $76,832 and $245,599, respectively.

Included in the above paragraph is depreciation and amortization expense related to leased assets for the three and nine months ended September 30, 2020 of approximately $39,103 and $127,466, and $67,542 and $216,269 for the three and nine months ended September 30, 2019, respectively.

During the nine month period ended September 30, 2019, the Company disposed of $513,778 of equipment and software and related accumulated depreciation of $494,292, for proceeds of $31,699 which resulted in a gain $12,213.