Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.22.2
Property and Equipment (Tables)
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property and equipment consist of the following, excluding amounts related to properties classified as held for sale:
June 30,
2022		 December 31,
2021
Office and computer equipment $ 4,358,470  $ 3,704,425 
Leasehold improvements 14,809,545  13,457,765 
Software developed 5,589,077  5,044,339 
Finance lease assets 151,396  267,252 
24,908,488  22,473,780 
Accumulated depreciation and amortization (10,906,753) (9,184,932)
14,001,735  13,288,847 
Construction in progress 2,053,758  1,100,099 
Property and equipment, net $ 16,055,493  $ 14,388,946 
Depreciation expense was $941,121 and $429,240 for the three months ended June 30, 2022 and 2021, respectively. Depreciation expense was $1,820,251 and $805,705 for the six months ended June 30, 2022 and 2021, respectively.
Amortization expense related to finance lease assets was $18,636 and $21,797 for the three months ended June 30, 2022 and 2021, respectively. Amortization expense related to finance lease assets was $40,432 and $41,710 for the six months ended June 30, 2022 and 2021, respectively.