The Joint Corp. Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Property and Equipment

6 Months Ended

Jun. 30, 2018

Note

Property and Equipment

Property and equipment consists of the following:

	June 30,			December 31,
	2018			2017

Office and computer equipment	$	1,191,539		$	1,137,970
Leasehold improvements		5,217,969			5,117,379
Software developed		1,295,450			1,066,454
		7,704,958			7,321,803
Accumulated depreciation		(4,476,967	)		(3,928,349	)
		3,227,991			3,393,454
Construction in progress		430,832			407,012
	$	3,658,823		$	3,800,466

Depreciation expense was

$284,265

and

$548,618

for the

three

and

six

months ended

June 30, 2018,

respectively. Depreciation expense was

$356,329

and

$759,459

for the

three

and

six

months ended

June 30, 2017,

respectively.