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Property and Equipment, Net, and Other Assets | 12 Months Ended
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Dec. 31, 2019
Property Plant And Equipment [Abstract] |
Property and Equipment, Net, and Other Assets | 3. Property and Equipment, net, and Other Assets At December 31, 2019 and 2018, Property and equipment, net, and other assets consisted of the following:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |
Vehicles |  | $ | 493,373 |  |  | $ | 493,373 |
Computer equipment |  |  | 247,776 |  |  |  | 700,218 |
Office furniture and fixtures |  |  | 541,464 |  |  |  | 541,464 |
Machinery and equipment |  |  | 688,137 |  |  |  | 845,128 |
Leasehold improvements |  |  | 558,035 |  |  |  | 558,035 |
Property and equipment, gross |  |  | 2,528,785 |  |  |  | 3,138,218 |
Accumulated depreciation |  |  | (1,994,320 | ) |  |  | (2,523,700 | )
Property and equipment, net |  |  | 534,465 |  |  |  | 614,518 |
Right-of-use operating lease asset |  |  | 1,595,044 |  |  |  | — |
Security deposits and other assets |  |  | 306,585 |  |  |  | 353,507 |
Property and equipment, net, and other assets |  | $ | 2,436,094 |  |  | $ | 968,025 |
We compute depreciation using the straight-line method over the estimated useful lives of the property and equipment. Depreciation expense for the year ended December 31, 2019 was $225,061, including $87,053 of depreciation expense reflected within “Cost of revenue” in our consolidated statement of operations as it related to assets used directly in servicing customer contracts. Depreciation expense for the year ended December 31, 2018 was $385,863, including $184,404 depreciation expense recorded in “Cost of revenue.” We recorded a right-of-use operating lease asset of $2.0 million related to our corporate office lease upon the adoption of ASC 842 effective January 1, 2019. Refer to Note 7, Leases for additional information. On February 20, 2018 (the “Closing Date”), we entered into an Asset Purchase Agreement with Earth Media Partners, LLC to sell certain assets of our wholly owned subsidiary, Earth911, Inc., in exchange for a 19% interest in Earth Media Partners, LLC, which was recorded as an investment in the amount of $246,585 as of the Closing Date, and a potential future earn-out amount of approximately $350,000. The net assets sold related to the Earth911.com website business and consisted primarily of the website and its content and customers, deferred revenues, and accounts receivable as of the Closing Date. Earth911, Inc. was subsequently renamed Quest Sustainability Services, Inc. The carrying amount of our investment in Earth Media Partners, LLC is included in “Security deposits and other assets” and we have an accrued receivable in the amount of $163,781 related to the earn-out included in “Accounts receivable” as of December 31, 2019.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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