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Property and Equipment, Net
9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net as of September 30, 2024 and December 31, 2023 are as follows:
September 30,
2024
December 31,
2023
Transportation equipment$17,532,777 $17,438,072 
Medical equipment8,775,453 7,104,161 
Office equipment and furniture4,238,478 3,701,657 
Leasehold improvements862,525 709,619 
Buildings527,283 527,283 
Land37,800 37,800 
31,974,316 29,518,592 
Less: Accumulated depreciation(16,689,563)(12,683,108)
Property and equipment, net$15,284,753 $16,835,484 
During the nine months ended September 30, 2024, the Company disposed of assets with a cost of $608,983 and accumulated depreciation of $400,349 for proceeds of $246,615. The Company recorded a gain on disposal of assets of $37,981 for the nine months ended September 30, 2024.
The Company recorded depreciation expense of $1,374,975 and $1,625,070 for the three months ended September 30, 2024 and 2023, respectively.
The Company recorded depreciation expense of $4,282,940 and $4,697,717 for the nine months ended September 30, 2024 and 2023, respectively.