Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Property and Equipment

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Note 6 - Property and Equipment
 9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
Note
6:
Property and Equipment
 
Property and equipment consist of the following:
 
    September 30,   December 31,
    2018   2017
         
Office and computer equipment   $
1,214,801
     $
1,137,970
  
Leasehold improvements    
5,361,821
      
5,117,379
  
Software developed    
1,145,742
      
1,066,454
  
     
7,722,364
      
7,321,803
  
Accumulated depreciation    
(4,665,685
 )    
(3,928,349
 )
     
3,056,679
      
3,393,454
  
Construction in progress    
213,060
      
407,012
  
    $
3,269,739
     $
3,800,466
  
 
Depreciation expense was
$258,007
and
$806,625
for the
three
and
nine
months ended
September 30, 2018,
respectively. Depreciation expense was
$340,238
and
$1,099,698
for the
three
and
nine
months ended
September 30, 2017,
respectively.
 
In
August 2018,
the Board of Directors approved a change in strategy as it relates to the development of the Company’s IT platform. The Company will move away from internal development and utilize a
third
party software-as-a-service CRM platform as the basis for its IT infrastructure. Based on this decision, the Company recorded an impairment of approximately
$343,000
of previously capitalized software development costs during the
three
months ended
September 30, 2018.