Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

6. Property and Equipment

 

Property and equipment as of December 31, 2016 and 2015 consisted of the following:

 

    December 31, 2016     December 31, 2015  
Computers   $ 1,637,949     $ 1,364,198  
Office furniture and equipment     1,005,790       839,822  
Transportation equipment     711,386       487,191  
Leasehold improvements     777,073       356,617  
Assets not placed in service     52,451       384,708  
Total property and equipment     4,184,649       3,432,536  
Less accumulated depreciation     (2,595,712 )     (2,060,253 )
Property and equipment – net   $ 1,588,937     $ 1,372,283  

 

Depreciation expense was approximately $527,000 and $420,000 for the years ended December 31, 2016 and 2015, respectively.