Property and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property and Equipment, Net

Property and Equipment, Net

5. Property and Equipment, Net

The components of property and equipment, net were as follows:

	December 31,
	2024		2023
Computer equipment	$	1,548,538	$	1,672,315
Computer software		5,123,755		4,980,196
Equipment		4,827		5,250
Furniture and fixtures		163,756		177,831
Leasehold improvements		687,024		747,436
Total		7,527,900		7,583,028
Less: Accumulated depreciation and amortization		(6,757,352)		(6,126,438)
Total	$	770,548	$	1,456,590

Depreciation and amortization expense on property and equipment for the year ended December 31, 2024 and 2023 was $1,206,215 and $1,794,519, respectively.