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Property and Equipment and Website Development Costs, Net | 6 Months Ended
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Jun. 30, 2018
Property, Plant and Equipment [Abstract] |
Property and Equipment and Website Development Costs, Net | 5. Property and Equipment and Website Development Costs, Net Property and equipment and website development costs as of June 30, 2018 and December 31, 2017 are summarized as follows:
|  | June 30, 2018 |  |  | December 31, 2017 |
Office equipment and computers |  | $ | 70,402 |  |  | $ | 46,309 |
Furniture and fixtures |  |  | 22,419 |  |  |  | 21,220 |
Website development costs |  |  | 5,424,043 |  |  |  | 3,145,308 |
|  |  | 5,516,864 |  |  |  | 3,212,837 |
Less accumulated depreciation and amortization |  |  | (1,320,070 | ) |  |  | (525,110 | )
Net property and equipment and website development costs |  | $ | 4,196,794 |  |  | $ | 2,687,727 |
A summary of website development cost activity for the six months ended June 30, 2018 is as follows:
Website development costs at December 31, 2017 |  | $ | 3,145,308 |
Costs capitalized during the period: |  |  |  |
Payroll-based costs |  |  | 1,132,339 |
Stock-based costs |  |  | 1,146,396 |
Website development costs at June 30, 2018 |  | $ | 5,424,043 |
Depreciation expense for the three months ended June 30, 2018 and 2017 was $6,613 and $2,065, respectively. Depreciation expense for the six months ended June 30, 2018 and 2017 was $12,243 and $3,335, respectively. Depreciation expense is included in research and development costs and general and administrative costs, as appropriate, in the Company’s condensed consolidated statements of operations. During the three months ended June 30, 2018 and 2017, the Company recorded amortization expense for website development costs of $433,204 and $53,000, respectively. During the six months ended June 30, 2018 and 2017, the Company recorded amortization expense for website development costs of $782,717 and $53,000, respectively. Amortization expense for website development costs is included in general and administrative costs in the Company’s consolidated statements of operations.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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