Annual report pursuant to Section 13 and 15(d)

Note 4 - Property and Equipment

v3.7.0.1
Note 4 - Property and Equipment
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
Note
4:
Property and Equipment
 
Property and equipment consist of the following:
 
    December 31,
2016		   December 31,
2015
         
Office and computer equipment   $
1,083,039
     $
963,299
  
Leasehold improvements    
5,085,366
      
4,672,582
  
Software developed    
891,192
      
691,827
  
     
7,059,597
      
6,327,708
  
Accumulated depreciation    
(2,566,172
 )    
(1,098,438
 )
     
4,493,425
      
5,229,270
  
Construction in progress    
231,281
      
1,909,476
  
    $
4,724,706
     $
7,138,746
  
 
Depreciation expense was
$1,818,403
and
$792,794
for the years ended
December
31,
2016
and
2015,
respectively.
 
In
December,
2016,
the Company determined that
14
clinics from its Corporate Clinics segment, met the criteria for classification as held for sale. Accordingly, in
December,
2016,
the Company recognized a
$2.4
million impairment charge to lower the carrying costs of the property and equipment to its estimated fair value less cost to sell which is recorded in the loss on disposition or impairment line of the accompanying consolidated statement of operations. The Company completed the sale of the property in
2017
for nominal consideration.