Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. Property and Equipment

 

Property and equipment as of December 31, 2018 and 2017 consisted of the following:

 

    December 31, 2018     December 31, 2017  
Computer equipment   $ 2,389,865     $ 1,776,463  
Office furniture and equipment     1,089,014       1,078,729  
Transportation equipment     828,417       719,947  
Leasehold improvements     727,519       880,273  
Assets not placed in service     50,362       4,415  
Total property and equipment     5,085,177       4,459,827  
Less accumulated depreciation     (3,252,990 )     (3,074,084 )
Property and equipment – net   $ 1,832,187     $ 1,385,743  

 

Depreciation expense was approximately $688,000 and $634,000 for the years ended December 31, 2018 and 2017, respectively.