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Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

The major categories of property and equipment are as follows as of December 31st:

 

    2019     2018  
                 
Automobiles   $ 115,127     $ 130,841  
Furniture and office equipment     539,122       419,014  
Software and tools     1,449,216       1,299,454  
Website development and other enhancements     183,385       183,385  
Building and leasehold improvements     992,386       984,058  
Land     2,436       2,436  
      3,281,672       3,019,188  
Less accumulated depreciation     1,736,378       1,343,716  
Property and equipment, net   $ 1,545,294     $ 1,675,472  

 

Total depreciation expense for the years ended December 31, 2019 and 2018 was approximately $472,600 and $372,300, respectively. Depreciation expense for assets recorded under finance leases was approximately $22,000 and $8,967 for the years ended December 31, 2019 and 2018, respectively.