Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. Property and Equipment

 

Property and equipment as of December 31, 2019 and 2018 consisted of the following:

 

    December 31, 2019     December 31, 2018  
Computer equipment   $ 2,905,892     $ 2,389,865  
Office furniture and equipment     1,145,617       1,089,014  
Transportation equipment     806,009       828,417  
Leasehold improvements     931,955       727,519  
Assets not placed in service     1,004,252       50,362  
Total property and equipment     6,793,725       5,085,177  
Less accumulated depreciation     (3,886,209 )     (3,252,990 )
Property and equipment – net   $ 2,907,516     $ 1,832,187  

 

Depreciation expense was approximately $909,000 and $688,000 for the years ended December 31, 2019 and 2018, respectively.