Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.1
Property and Equipment
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
March 31,
2020		 December 31,
2019
Office and computer equipment $ 2,005,872    $ 1,594,364   
Leasehold improvements 7,631,395    7,154,156   
Software developed 1,193,007    1,193,007   
Finance lease assets 232,001    80,604   
11,062,275    10,022,131   
Accumulated depreciation and amortization (5,929,760)   (5,671,366)  
5,132,515    4,350,765   
Construction in progress 2,926,878    2,230,823   
Property and equipment, net $ 8,059,393    $ 6,581,588   
Depreciation expense was $287,076 and $193,805 for the three months ended March 31, 2020 and 2019, respectively.
Amortization expense related to finance lease assets was $10,554 and $6,169 for the three months ended March 31, 2020 and 2019, respectively.
Construction in progress at March 31, 2020 and December 31, 2019 principally relate to development costs for a software to be used by clinics for operations and by the Company for the management of operations.