Annual report pursuant to Section 13 and 15(d)

Note 4 - Property and Equipment

v3.8.0.1
Note 4 - Property and Equipment
 12 Months Ended
Dec. 31, 2017
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,
2017		   December 31,
2016
         
Office and computer equipment   $
1,137,970
     $
1,083,039
  
Leasehold improvements    
5,117,379
      
5,085,366
  
Software developed    
1,066,454
      
891,192
  
     
7,321,803
      
7,059,597
  
Accumulated depreciation    
(3,928,349
 )    
(2,566,172
 )
     
3,393,454
      
4,493,425
  
Construction in progress    
407,012
      
231,281
  
    $
3,800,466
     $
4,724,706
  
 
Depreciation expense was
$1,438,443
and
$1,818,403
for the years ended
December 31, 2017
and
2016,
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 was recorded in the loss on disposition or impairment line of the
2016
consolidated statement of operations. The Company completed the sale of the property in the
first
quarter of
2017
for nominal consideration.