Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.3
Property and Equipment
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following, excluding amounts related to properties classified as held for sale:
June 30,
2023		 December 31,
2022
Office and computer equipment $ 5,814,911  $ 5,207,833 
Leasehold improvements 19,325,917  17,842,901 
Software developed 6,163,961  5,843,758 
Finance lease assets 151,396  151,396 
31,456,185  29,045,888 
Accumulated depreciation and amortization (14,931,581) (12,675,085)
16,524,604  16,370,803 
Construction in progress 1,103,329  1,104,349 
Property and equipment, net $ 17,627,933  $ 17,475,152 
Depreciation expense was $1,376,474 and $941,121 for the three months ended June 30, 2023 and 2022, respectively. Depreciation expense was $2,646,735 and $1,820,251 for the six months ended June 30, 2023 and 2022, respectively.
Amortization expense related to finance lease assets was $7,570 and $18,636 for the three months ended June 30, 2023 and 2022, respectively. Amortization expense related to finance lease assets was $15,139 and $40,432 for the six months ended June 30, 2023 and 2022, respectively.
Construction in progress at June 30, 2023 and December 31, 2022 principally related to development and construction costs for the company-owned or managed clinics