Property and Equipment

9 Months Ended

Sep. 30, 2022

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, 2022		December 31, 2021
Furniture and fixtures	$	293,152	$	293,152
Equipment	1,263,308		1,164,671
Capitalized internal use and purchased software	14,125,059		12,914,820
Leasehold improvements	461,325		458,885
Subtotal	16,142,844		14,831,528
Less: accumulated depreciation and amortization	(14,449,437)		(13,324,762)
Total	$	1,693,407	$	1,506,766

During the three months ended September 30, 2022 and September 30, 2021, depreciation expense was $394,942 and $325,112, respectively. During the nine months ended September 30, 2022 and September 30, 2021, depreciation expense was $1,124,674 and $944,746, respectively.