Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and EquipmentProperty and equipment consist of the following:
December 31,
2021 2020
Office and computer equipment $ 3,704,425  $ 2,194,348 
Leasehold improvements 13,457,765  8,391,675 
Internally developed software 5,044,339  1,193,007 
Finance lease assets 267,252  282,027 
22,473,780  12,061,057 
Accumulated depreciation and amortization (9,184,932) (6,890,837)
13,288,847  5,170,220 
Construction in progress 1,100,099  3,577,149 
Property and Equipment, net $ 14,388,946  $ 8,747,369 
Depreciation expense was $2,329,697 and $1,212,683 for the years ended December 31, 2021 and 2020, respectively.
Amortization expense related to finance lease assets was $85,300 and $67,874 for the years ended December 31, 2021 and 2020, respectively.
Construction in progress at December 31, 2021 principally related to development and construction costs for the Company-owned or managed clinics. Construction in progress at December 31, 2020 principally relate to development costs for software used by clinics for operations and by the Company for the management of operations.