Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment

v3.25.0.1
Property and Equipment
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
December 31,
2024 2023
Office and computer equipment $ 920,546  $ 940,451 
Leasehold improvements 1,531,348  1,529,904 
Internally developed software 5,914,254  5,388,039 
8,366,148  7,858,394 
Accumulated depreciation and amortization (5,951,139) (4,649,658)
2,415,009  3,208,736 
Construction in progress 751,873  597,151 
Property and Equipment, net $ 3,166,882  $ 3,805,887 
Depreciation expense was $1,363,453 and $1,278,148 for the years ended December 31, 2024 and 2023, respectively.
Construction in progress at December 31, 2024 and December 31, 2023 related primarily to internal use software in development.