Property and Equipment

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The net carrying value of property and equipment was as follows as of:

	June 30, 2020		December 31, 2019
Furniture and fixtures	$	293,152	$	293,152
Equipment	1,042,200		1,025,357
Capitalized internal use and purchased software	10,850,273		10,309,298
Leasehold improvements	421,016		421,016
Subtotal	12,606,641		12,048,823
Less: accumulated depreciation and amortization	(11,392,704)		(10,674,671)
Total	$	1,213,937	$	1,374,152

During the three and six months ended June 30, 2020 depreciation expense was $348,661 and $718,033, respectively. During the three and six months ended June 30, 2019, depreciation expense was $431,585 and $873,426, respectively.