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Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment

7. Property and equipment

Property and equipment consisted of the following:

 

 

 

December 31,

 

December 31,

 

 

2020

 

2019

Furniture, fixtures, and office equipment

 

$1,112,702

 

$944,105

Computers

 

1,733,672

 

859,426

Leasehold improvements

 

340,333

 

223,145

Total

 

3,186,707

 

2,026,676

Less: Accumulated depreciation and amortization

 

1,558,268

 

416,024

 

 

$1,628,439

 

$1,610,652

 

Depreciation expense for property and equipment was $1.2 million and $0.4 million for the year ended December 31, 2020 and the period from July 11, 2019 to December 31, 2019, respectively. Depreciation expense was $0.2 million and $0.4 million for the Predecessor period from January 1, 2019 to July 10, 2019 and  the year ended December 31, 2018, respectively.