Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.2
Property and Equipment
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
September 30,
2021		 December 31,
2020
Office and computer equipment $ 3,243,782  $ 2,194,348 
Leasehold improvements 12,000,474  8,391,675 
Software developed 5,034,989  1,193,007 
Finance lease assets 267,252  282,027 
20,546,497  12,061,057 
Accumulated depreciation and amortization (8,417,607) (6,890,837)
12,128,890  5,170,220 
Construction in progress 1,225,096  3,577,149 
Property and equipment, net $ 13,353,986  $ 8,747,369 
Depreciation expense was $700,953 and $344,324 for the three months ended September 30, 2021 and 2020, respectively. Depreciation expense was $1,506,660 and $954,065 for the nine months ended September 30, 2021 and 2020, respectively.
Amortization expense related to finance lease assets was $21,797 and $18,850 for the three months ended September 30, 2021 and 2020, respectively. Amortization expense related to finance lease assets was $63,506 and $49,024 for the nine months ended September 30, 2021 and 2020, respectively.
Construction in progress at September 30, 2021 and December 31, 2020 principally relates to development and construction costs for the Company-owned or managed clinics.