Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.23.3
Property and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and EquipmentProperty and equipment consist of the following:
December 31,
2022 2021
Office and computer equipment $ 5,207,833  $ 3,704,425 
Leasehold improvements 17,842,901  13,457,765 
Internally developed software 5,843,758  5,044,339 
Finance lease assets 151,396  267,252 
29,045,888  22,473,780 
Accumulated depreciation and amortization (12,675,085) (9,184,932)
16,370,803  13,288,847 
Construction in progress 1,104,349  1,100,099 
Property and Equipment, net $ 17,475,152  $ 14,388,946 
Depreciation expense was $4,092,669 and $2,329,697 for the years ended December 31, 2022 and 2021, respectively.
Amortization expense related to finance lease assets was $55,572 and $85,300 for the years ended December 31, 2022 and 2021, respectively.
Construction in progress at December 31, 2022 principally related to development and construction costs for the Company-owned or managed clinics. Construction in progress at December 31, 2021 principally relate to development costs for software used by clinics for operations and by the Company for the management of operations.