Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.1
Property and Equipment
 3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
March 31,
2021		 December 31,
2020
Office and computer equipment $ 2,360,065  $ 2,194,348 
Leasehold improvements 8,986,704  8,391,675 
Software developed 1,193,007  1,193,007 
Finance lease assets 258,253  282,027 
12,798,029  12,061,057 
Accumulated depreciation and amortization (7,246,632) (6,890,837)
5,551,397  5,170,220 
Construction in progress 3,787,441  3,577,149 
Property and equipment, net $ 9,338,838  $ 8,747,369 
Depreciation expense was $376,465 and $287,076 for the three months ended March 31, 2021 and 2020, respectively.
Amortization expense related to finance lease assets was $19,913 and $10,554 for the three months ended March 31, 2021 and 2020, respectively.
Construction in progress at March 31, 2021 and December 31, 2020 principally relates to development costs for software to be used by the Company and all clinics for operations, including point-of-sales system.