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Property and Equipment
 3 Months Ended
Mar. 31, 2024
Property and Equipment  
Property and Equipment

Note 3 – Property and Equipment

 

The net carrying value of property and equipment was as follows as of:

 

 

March 31, 2024

 

 

December 31, 2023

 

Furniture and fixtures

 

$293,152

 

 

$293,152

 

Equipment

 

 

1,317,377

 

 

 

1,292,528

 

Capitalized software development costs

 

 

16,606,896

 

 

 

16,159,517

 

Leasehold improvements

 

 

458,885

 

 

 

458,885

 

Subtotal

 

 

18,676,310

 

 

 

18,204,082

 

Less: accumulated depreciation and amortization

 

 

(16,950,372)

 

 

(16,523,294)

Total

 

$1,725,938

 

 

$1,680,788

 

 

During the three months ended March 31, 2024 and March 31, 2023, depreciation expense was $427,078 and $392,901, respectively.