Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Property and Equipment

v3.19.2
Note 6 - Property and Equipment
 6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
Note
6:
Property and Equipment
 
Property and equipment consist of the following:
 
    June 30,   December 31,
    2019   2018
         
Office and computer equipment   $
1,373,775
     $
1,243,104
  
Leasehold improvements    
5,784,728
      
5,407,915
  
Software developed    
1,193,007
      
1,145,742
  
Finance lease assets    
80,604
      
–
  
     
8,432,114
      
7,796,761
  
Accumulated depreciation and amortization    
(5,256,290
 )    
(4,909,002
 )
     
3,175,824
      
2,887,759
  
Construction in progress    
1,787,213
      
770,248
  
Property and equipment, net   $
4,963,037
     $
3,658,007
  
 
Depreciation expense was
$206,609
and
$400,415
for the
three
and
six
months ended
June 30, 2019,
respectively. Depreciation expense was
$284,265
and
$548,618
for the
three
and
six
months ended
June 30, 2018,
respectively. 
 
Amortization expense related to finance lease assets was
$6,169
and
$12,337
for the
three
and
six
months ended
June 30, 2019,
respectively.
 
Construction in progress at
June 30, 2019
and
December 31, 2018
principally relate to development costs for a software to be used by clinics for operations and by the Company for the management of operations.