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Property and Equipment, Net
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
4. Property and Equipment, Net

 

Property and equipment, net consisted of the following at March 31, 2020 and December 31, 2019:

 

   March 31,
2020
   December 31,
2019
 
   (unaudited)     
Computer equipment  $3,706,017   $3,706,017 
Website development   3,076,323    3,076,323 
Furniture and fixtures   89,027    89,027 
Leasehold improvements   32,726    32,726 
Total property and equipment   6,904,093    6,904,093 
Less: Accumulated depreciation   (6,372,894)   (6,284,034)
Total property and equipment, net  $531,199   $620,059 

 

Depreciation expense for the three months ended March 31, 2020 was $88,860 as compared to $88,614 for the three months ended March 31, 2019.