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Property and Equipment
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

7. Property and Equipment

 

Property and equipment are comprised of the following:

 

   September 30, 2023   December 31, 2022 
Computer hardware and purchased software  $1,662,756   $1,595,652 
Leasehold improvements   395,919    395,918 
Furniture and fixtures   71,325    71,325 
Property and equipment, gross   2,130,000    2,062,895 
Less: accumulated depreciation   (1,168,496)   (994,189)
Property and equipment, net  $961,504   $1,068,706 

 

Total depreciation expense on our property and equipment for the three and nine months ended September 30, 2023 and 2022 amounted to $64,590 and $191,204, respectively, and $66,286 and $193,977, respectively.