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Property and Equipment
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
 
The net carrying value of property and equipment was as follows as of:
 
September 30, 2017
 
December 31, 2016
Furniture and fixtures
$
288,536

 
$
241,876

Equipment
1,468,776

 
811,948

Capitalized internal use and purchased software
7,131,442

 
6,132,626

Leasehold improvements
444,507

 
441,382

Subtotal
9,333,261

 
7,627,832

Less: accumulated depreciation and amortization
(7,100,078
)
 
(6,012,609
)
Total
$
2,233,183

 
$
1,615,223



During the three and nine months ended September 30, 2017 depreciation expense was $406,014 and $1,077,143, respectively. During the three and nine months ended September 30, 2016, depreciation expense was $325,236 and $958,704, respectively.