Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
June 30,
2021		 December 31,
2020
Office and computer equipment $ 2,799,406  $ 2,194,348 
Leasehold improvements 10,341,124  8,391,675 
Software developed 1,193,861  1,193,007 
Finance lease assets 267,252  282,027 
14,601,643  12,061,057 
Accumulated depreciation and amortization (7,695,687) (6,890,837)
6,905,956  5,170,220 
Construction in progress 5,512,540  3,577,149 
Property and equipment, net $ 12,418,496  $ 8,747,369 
Depreciation expense was $429,240 and $322,666 for the three months ended June 30, 2021 and 2020, respectively. Depreciation expense was $805,705 and $609,742 for the six months ended June 30, 2021 and 2020, respectively.
Amortization expense related to finance lease assets was $21,797 and $19,620 for the three months ended June 30, 2021 and 2020, respectively. Amortization expense related to finance lease assets was $41,710 and $30,173 for the six months ended June 30, 2021 and 2020, respectively.
Construction in progress at June 30, 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.