Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.1
Property and Equipment
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
March 31,
2022		 December 31,
2021
Office and computer equipment $ 3,908,479  $ 3,704,425 
Leasehold improvements 13,903,974  13,457,765 
Software developed 5,438,511  5,044,339 
Finance lease assets 267,252  267,252 
23,518,216  22,473,780 
Accumulated depreciation and amortization (10,084,892) (9,184,932)
13,433,324  13,288,847 
Construction in progress 1,447,618  1,100,099 
Property and equipment, net $ 14,880,942  $ 14,388,946 
Depreciation expense was $879,127 and $376,465 for the three months ended March 31, 2022 and 2021, respectively.
Amortization expense related to finance lease assets was $21,797 and $19,913 for the three months ended March 31, 2022 and 2021, respectively.
Construction in progress at March 31, 2022 and December 31, 2021 principally relates to development and construction costs for the Company-owned or managed clinics