The Joint Corp. Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Property and Equipment

3 Months Ended

Mar. 31, 2019

Note

Property and Equipment

Property and equipment consist of the following:

	March 31, 2019			December 31, 2018

Office and computer equipment	$	1,308,925		$	1,243,104
Leasehold improvements		5,570,288			5,407,915
Software developed		1,145,536			1,145,742
Other		80,604			–
		8,105,353			7,796,761
Accumulated depreciation and amortization		(5,043,512	)		(4,909,002	)
		3,061,841			2,887,759
Construction in progress		1,149,709			770,248
	$	4,211,550		$	3,658,007

Depreciation expense was

$193,805

and

$264,353

for the

three

months ended

March 31, 2019

and

2018,

respectively.