XML 20 R11.htm IDEA: XBRL DOCUMENT v3.23.2
Property and Equipment
6 Months Ended
Jun. 30, 2023
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    Estimated
Useful Lives
  June 30,
2023
    December 31,
2022
 
Furniture, fixtures and vehicle   2-5 years   $ 395,468     $ 395,468  
Website and internal use software   3 years     23,065,295       20,542,457  
Computers and software   3-7 years     4,263,799       3,672,103  
          27,724,562       24,610,028  
Less: accumulated depreciation and amortization         (18,893,584 )     (16,523,166 )
        $ 8,830,978     $ 8,086,862  

  

Depreciation and amortization expense for property and equipment was $1,207,069 and $2,370,418 for the three and six months ended June 30, 2023, respectively, and $1,000,555 and $1,848,129 for the three and six months ended June 30, 2022, respectively.