Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
September 30,
2020		 December 31,
2019
Office and computer equipment $ 2,128,697  $ 1,594,364 
Leasehold improvements 8,219,767  7,154,156 
Software developed 1,193,007  1,193,007 
Finance lease assets 282,027  80,604 
11,823,498  10,022,131 
Accumulated depreciation and amortization (6,635,220) (5,671,366)
5,188,278  4,350,765 
Construction in progress 2,826,398  2,230,823 
Property and equipment, net $ 8,014,676  $ 6,581,588 
Depreciation expense was $344,324 and $195,304 for the three months ended September 30, 2020 and 2019, respectively. Depreciation expense was $954,065 and $595,719 for the nine months ended September 30, 2020 and 2019, respectively.
Amortization expense related to finance lease assets was $18,850 and $6,169 for the three months ended September 30, 2020 and 2019, respectively. Amortization expense related to finance lease assets was $49,024 and $18,506 for the nine months ended September 30, 2020 and 2019, respectively.
Construction in progress at September 30, 2020 and December 31, 2019 principally relate to development costs for software to be used by clinics for operations and by the Company for the management of operations.