Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.24.3
Property and Equipment
 9 Months Ended
Sep. 30, 2024
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,
2024		 December 31,
2023
Office and computer equipment $ 3,325,514  $ 4,169,576 
Leasehold improvements 8,917,358  12,013,250 
Software developed 5,898,001  5,399,698 
Finance lease assets 151,389  151,396 
18,292,262  21,733,920 
Accumulated depreciation and amortization (12,903,490) (12,005,459)
5,388,772  9,728,461 
Construction in progress 696,013  1,315,856 
Property and equipment, net $ 6,084,785  $ 11,044,317 
Depreciation expense was $0.9 million and $1.4 million for the three months ended September 30, 2024 and 2023, respectively. Depreciation expense was $3.0 million and $4.0 million for the nine months ended September 30, 2024 and 2023, respectively.
Amortization expense related to finance lease assets was $7,570 and $7,570 for the three months ended September 30, 2024 and 2023, respectively. Amortization expense related to finance lease assets was $22,710 and $22,709 for the nine months ended September 30, 2024 and 2023, respectively.
Construction in progress at September 30, 2024 and December 31, 2023 principally related to construction costs for company-owned or managed clinics and to the development of software.