Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.3
Property and Equipment
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following, excluding amounts related to properties classified as held for sale:
September 30,
2023		 December 31,
2022
Office and computer equipment $ 5,693,432  $ 5,207,833 
Leasehold improvements 18,625,522  17,842,901 
Software developed 6,048,742  5,843,758 
Finance lease assets 151,396  151,396 
30,519,092  29,045,888 
Accumulated depreciation and amortization (16,206,966) (12,675,085)
14,312,126  16,370,803 
Construction in progress 1,043,629  1,104,349 
Property and equipment, net $ 15,355,755  $ 17,475,152 
Depreciation expense was $1,381,170 and $1,046,495 for the three months ended September 30, 2023 and 2022, respectively. Depreciation expense was $4,027,906 and $2,866,737 for the nine months ended September 30, 2023 and 2022, respectively.
Amortization expense related to finance lease assets was $7,570 and $7,570 for the three months ended September 30, 2023 and 2022, respectively. Amortization expense related to finance lease assets was $22,709 and $48,001 for the nine months ended September 30, 2023 and 2022, respectively.
Construction in progress at September 30, 2023 and December 31, 2022 principally related to development and construction costs for the company-owned or managed clinics