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Property and Equipment, Net
9 Months Ended
Sep. 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 September 30, 2019 and December 31, 2018:

 

   September 30,
2019
   December 31,
2018
 
   (unaudited)     
Computer equipment  $3,706,017   $3,706,017 
Website development   2,984,479    2,685,093 
Furniture and fixtures   89,027    89,027 
Leasehold improvements   32,726    32,726 
Total property and equipment   6,812,249    6,512,863 
Less: Accumulated depreciation   (6,196,974)   (5,934,952)
Total property and equipment, net  $615,275   $577,911 

 

Depreciation expense for the three and nine months ended September 30, 2019 was $84,587 and $262,022, respectively, as compared to $86,076 and $292,214 for the three and nine months ended September 30, 2018, respectively.