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Property and Equipment, Net
6 Months Ended
Jun. 30, 2019
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, 2019 and December 31, 2018:

 

   June 30,
2019
   December 31,
2018
 
   (unaudited)     
Computer equipment  $3,706,017   $3,706,017 
Website development   2,880,588    2,685,093 
Furniture and fixtures   89,027    89,027 
Leasehold improvements   32,726    32,726 
Total property and equipment   6,708,359    6,512,863 
Less: Accumulated depreciation   (6,112,387)   (5,934,952)
Total property and equipment, net  $595,972   $577,911 

 

Depreciation expense for the three and six months ended June 30, 2019 was $88,820 and $177,435, respectively, as compared to $106,148 and $206,138 for the three and six months ended June 30, 2018, respectively.

 

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