Note 6 - Property and Equipment
|12 Months Ended|
Dec. 31, 2018
|Notes to Financial Statements|
|Property, Plant and Equipment Disclosure [Text Block]||
Property and equipment consist of the following:
Depreciation expense was
$1,438,443for the years ended
December 31, 2018and
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
$343,000of previously capitalized software development costs during the year ended
December 31, 2018.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef