XML 21 R11.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Property and Equipment
3 Months Ended
Mar. 31, 2024
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   Estimated
Useful Lives
  March 31,
2024
   December 31,
2023
 
Furniture, fixtures and vehicle  2-5 years  $395,868   $395,868 
Website and internal use software  3 years   27,070,011    25,786,321 
Computers and software  3-7 years   5,294,516    4,763,115 
       32,760,395    30,945,304 
Less: accumulated depreciation and amortization      (23,172,157)   (21,636,445)
      $9,588,238   $9,308,859 

 

Depreciation and amortization expense for property and equipment was $1,535,712 and $1,163,348 for the three months ended March 31, 2024 and 2023, respectively.