Property and Equipment, Net

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

3. Property and Equipment, Net

Property and equipment, net consisted of the following at March 31, 2021 and December 31, 2020:

	March 31, 2021			December 31, 2020
	(unaudited)
Computer equipment	$	866,459		$	866,459
Website development		3,076,323			3,076,323
Furniture and fixtures		47,463			47,463
Total property and equipment		3,990,245			3,990,245
Less: Accumulated depreciation		(3,783,248	)		(3,734,468	)
Total property and equipment, net	$	206,997		$	255,777

Depreciation expense for the three months ended March 31, 2021 was $48,780 as compared to $88,860 for the three months ended March 31, 2020.

4. Property and Equipment, Net

Property and equipment, net consisted of the following for the periods presented:

	December 31,
	2020			2019
Computer equipment	$	866,459		$	3,706,017
Website development		3,076,323			3,076,323
Furniture and fixtures		47,463			89,027
Leasehold improvements		—			32,726
Total property and equipment		3,990,245			6,904,093
Less: Accumulated depreciation		(3,734,468	)		(6,284,034	)
Total property and equipment, net	$	255,777		$	620,059

Depreciation expense, which includes amortization of website development costs, for the years ended December 31, 2020 and 2019 was $325,044 and $349,082, respectively.

Loss on disposal of property and equipment for the years ended December 31, 2020 and 2019 was $39,238 and $0, respectively, as a result from the termination of one of our office leases.