Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Property and Equipment

v3.7.0.1
Note 3 - Property and Equipment
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
Note
3:
Property and Equipment
 
Property and equipment consists of the following:
 
    March 31,   December 31,
    2017   2016
         
Office and computer equipment   $
1,099,747
    $
1,083,039
 
Leasehold improvements    
5,085,366
     
5,085,366
 
Software developed    
1,046,823
     
891,192
 
     
7,231,936
     
7,059,597
 
Accumulated depreciation    
(2,969,302
)    
(2,566,172
)
     
4,262,634
     
4,493,425
 
Construction in progress    
98,266
     
231,281
 
    $
4,360,900
    $
4,724,706
 
 
Depreciation expense was
$403,131
and
$401,867
for the
three
months ended
March
31,
2017
and
2016,
respectively.
 
In
December,
2016,
the Company determined that
14
clinics from its Corporate Clinics segment, met the criteria for classification as held for sale. Accordingly, in
December,
2016,
the Company recognized a
$2.4
million impairment charge to lower the carrying costs of the property and equipment to its estimated fair value less cost to sell which was recorded in the loss on disposition or impairment line of the
2016
consolidated statement of operations. The Company completed the sale of the property in the
first
quarter of
2017
for nominal consideration.