Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.4
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
December 31,
2020 2019
Office and computer equipment $ 2,194,348  $ 1,594,364 
Leasehold improvements 8,391,675  7,154,156 
Software developed 1,193,007  1,193,007 
Finance lease assets 282,027  80,604 
12,061,057  10,022,131 
Accumulated depreciation and amortization (6,890,837) (5,671,366)
5,170,220  4,350,765 
Construction in progress 3,577,149  2,230,823 
Property and Equipment, net $ 8,747,369  $ 6,581,588 
Depreciation expense was $1,212,683 and $823,679 for the years ended December 31, 2020 and 2019, respectively.
Amortization expense related to finance lease assets was $67,874 and $24,675 for the years ended December 31, 2020 and 2019, respectively.
Construction in progress at December 31, 2020 and 2019 principally relate to development costs for a software to be used by clinics for operations and by the Company for the management of operations.