Property and Equipment

9 Months Ended

Sep. 30, 2019

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, 2019		December 31, 2018
Furniture and fixtures	$	293,152	$	293,152
Equipment	1,013,792		1,527,054
Capitalized internal use and purchased software	10,019,804		9,142,075
Leasehold improvements	421,016		421,016
Subtotal	11,747,764		11,383,297
Less: accumulated depreciation and amortization	(10,280,654)		(9,259,625)
Total	$	1,467,110	$	2,123,672

During the three and nine months ended September 30, 2019, depreciation expense was $412,660 and $1,286,086, respectively. During the three and nine months ended September 30, 2018, depreciation expense was $457,272 and $1,343,247, respectively.