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Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Net Carrying Value of Property and Equipment
The net carrying value of property and equipment was as follows as of:
 June 30, 2020December 31, 2019
Furniture and fixtures$293,152  $293,152  
Equipment1,042,200  1,025,357  
Capitalized internal use and purchased software10,850,273  10,309,298  
Leasehold improvements421,016  421,016  
Subtotal12,606,641  12,048,823  
Less: accumulated depreciation and amortization(11,392,704) (10,674,671) 
Total$1,213,937  $1,374,152