8.	Property and Equipment

Major classes of property and equipment consisted of the following as of the periods presented below:

	DECEMBER 31,
	2017		2016

Computer hardware and software	$	1,943,180	$	1,214,052
Furniture and fixtures		296,316		211,376
Leasehold improvements		260,748		486,467
Automobile		188,238		216,880
Gross property and equipment		2,688,482		2,128,775
Less: accumulated depreciation and amortization		1,370,062		1,392,097

Property and equipment, net	$	1,318,420	$	736,678

Land and building held for sale, net	$	-	$	594,376

During the year ended December 31, 2017 and 2016, the Company purchased for cash property and equipment totaling approximately $695,600 and $274,700, respectively.

During the year ended December 31, 2017, the Company relocated from the Lewis Center Facility to a larger facility in Columbus and abandoned undepreciated building and leasehold improvements with a gross cost and accumulated depreciation of approximately $282,200 and $105,500, respectively. The Company recorded within general and administrative expenses a loss on disposal of approximately $176,700 as a result of the move.

During the year ended December 31, 2017 there were disposals of fully depreciated owned property and equipment with related cost and accumulated depreciation of approximately $398,600 and building and leasehold improvements with a net book value of approximately $176,700. During the year ended December 31, 2016 there were material disposals of fully depreciated owned property and equipment of approximately $309,100.

There were no changes in the estimated useful lives used to depreciate property and equipment during the years ended December 31, 2017 and 2016.

Assets under capital lease included in the table above consisted of the following as of the periods presented below:

	DECEMBER 31,
	2017		2016

Automobiles	$	100,882	$	63,498
Computer hardware and software		290,223		-
Gross leased property and equipment	$	391,105	$	63,498
Less: accumulated amortization		20,890		36,823

Capital lease assets, net	$	370,215	$	26,675

During the year ended December 31, 2017, the Company recorded capital lease assets and related obligations of approximately $391,100, of which approximately $93,300 relates to two automobiles under capital lease arrangements and the remainder relates to computer hardware and software for our internal client facing infrastructure. During the year ended December 31, 2016 there were no new capital leases recorded.

During the year ended December 31, 2017, the Company disposed of two leased automobiles with a net book value of $47,800 and received gross proceeds of approximately $51,800. The Company recognized a net gain on disposal of approximately $4,100. During the year ended December 31, 2016 there were material disposals of fully amortized leased equipment of approximately $309,100.

Property and equipment depreciation expense (including amortization of capital lease property) was approximately as follows for the periods presented below:

	YEARS ENDED
	DECEMBER 31,
	2017		2016

Property and equipment depreciation expense	$	414,600	$	438,500

Capital lease amortization (included in
property and equipment depreciation expense)	$	13,800	$	10,900