Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
March 31,
2023		 December 31,
2022
Office and computer equipment $ 5,577,430  $ 5,207,833 
Leasehold improvements 18,691,248  17,842,901 
Software developed 5,967,817  5,843,758 
Finance lease assets 151,396  151,396 
30,387,891  29,045,888 
Accumulated depreciation and amortization (13,810,513) (12,675,085)
16,577,378  16,370,803 
Construction in progress 922,649  1,104,349 
Property and equipment, net $ 17,500,027  $ 17,475,152 
Depreciation expense was $1,270,260 and $879,127 for the three months ended March 31, 2023 and 2022, respectively.
Amortization expense related to finance lease assets was $7,570 and $21,797 for the three months ended March 31, 2023 and 2022, respectively.
Construction in progress at March 31, 2023 and December 31, 2022 principally relates to development and construction costs for the Company-owned or managed clinics