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Property and Equipment, Net
6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
4. Property and Equipment, Net

 

Property and equipment, net consisted of the following at June 30, 2018 and December 31, 2017:

 

   June 30,
2018
   December 31,
2017
 
   (unaudited)     
Computer equipment  $3,706,017   $3,706,017 
Website development   2,502,342    2,342,442 
Furniture and fixtures   89,027    89,027 
Leasehold improvements   32,726    32,726 
Total property and equipment   6,330,112    6,170,212 
Less: Accumulated depreciation   (5,753,638)   (5,547,500)
Total property and equipment, net  $576,474   $622,712 

 

Depreciation expense for the three and six months ended June 30, 2018 was $106,148 and $206,138, respectively, as compared to $130,637 and $253,547, respectively, for the three and six months ended June 30, 2017.

 

The Company only holds property and equipment in the United States.