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

Property and Equipment

v3.25.4
Property and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
December 31,
2025 2024
Office and computer equipment $ 982,766  $ 937,551 
Leasehold improvements 1,594,291  1,585,609 
Internally developed software 7,103,852  5,914,254 
9,680,909  8,437,414 
Accumulated depreciation and amortization (7,511,832) (5,982,533)
2,169,077  2,454,881 
Construction in progress 990,149  751,873 
Property and Equipment, net $ 3,159,226  $ 3,206,754 
Depreciation expense was $1.6 million and $1.4 million for the years ended December 31, 2025 and 2024, respectively.
Construction in progress at December 31, 2025 and 2024 related primarily to internal use software in development.