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Property and Equipment
9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   Estimated
Useful Lives
  September 30,
2020
   December 31,
2019
 
Furniture, fixtures and vehicle  2-5 years  $111,052   $95,671 
Website and internal use software  3 years   11,928,687    10,123,830 
Computers and software  3-7 years   876,358    596,946 
       12,916,097    10,816,447 
Less: accumulated depreciation and amortization      (9,088,367)   (7,435,271)
Right of use assets, net      1,735,874    1,879,231 
      $5,563,604   $5,260,407 

 

Depreciation and amortization expense were $592,498 and $530,520 for the three months ended September 30, 2020 and 2019, respectively, and $1,653,099 and $1,647,290 for the nine months ended September 30, 2020 and 2019, respectively.