Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following, excluding amounts related to properties classified as held for sale:
September 30,
2022
December 31,
2021
Office and computer equipment $ 4,693,398  $ 3,704,425 
Leasehold improvements 16,064,014  13,457,765 
Software developed 5,649,332  5,044,339 
Finance lease assets 151,396  267,252 
26,558,140  22,473,780 
Accumulated depreciation and amortization (11,872,077) (9,184,932)
14,686,063  13,288,847 
Construction in progress 1,523,988  1,100,099 
Property and equipment, net $ 16,210,051  $ 14,388,946 
Depreciation expense was $1,046,495 and $700,953 for the three months ended September 30, 2022 and 2021, respectively. Depreciation expense was $2,866,745 and $1,506,660 for the nine months ended September 30, 2022 and 2021, respectively.
Amortization expense related to finance lease assets was $7,570 and $21,797 for the three months ended September 30, 2022 and 2021, respectively. Amortization expense related to finance lease assets was $48,001 and $63,506 for the nine months ended September 30, 2022 and 2021, respectively.
Construction in progress at September 30, 2022 and December 31, 2021 principally related to development and construction costs for the Company-owned or managed clinics