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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

6.PROPERTY AND EQUIPMENT

 

The components of property and equipment consist of the following:

 

   December 31,   Estimated 
   2023   2022   Useful Life (years) 
Machinery and equipment  $4,004,779   $3,978,662   5 to 7 
Computer equipment   4,242,437    4,191,040   5 
Furniture and fixtures   709,350    709,350   7 
Automobiles and trucks   13,162    13,162   5 
Leasehold improvements   2,692,552    2,629,615    Lesser of lease term or 10 years 
Total gross property and equipment   11,662,280    11,521,829     
Less accumulated depreciation and amortization   (10,868,224)   (10,397,273)    
Total property and equipment, net  $794,056   $1,124,556     

 

Depreciation expense for the years ended December 31, 2023 and 2022 was $470,950 and $563,096, respectively.