Property and Equipment

9 Months Ended

Sep. 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:

	September 30, 2020		December 31, 2019
Furniture and fixtures	$	293,152	$	293,152
Equipment	1,052,198		1,025,357
Capitalized internal use and purchased software	11,134,880		10,309,298
Leasehold improvements	421,016		421,016
Subtotal	12,901,246		12,048,823
Less: accumulated depreciation and amortization	(11,728,473)		(10,674,671)
Total	$	1,172,773	$	1,374,152

During the three and nine months ended September 30, 2020, depreciation expense was $335,769 and $1,053,802, respectively. During the three and nine months ended September 30, 2019, depreciation expense was $412,660 and $1,286,086, respectively.