v3.25.4
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property and Equipment  
Property and Equipment

Note 4– Property and Equipment

 

The net carrying value of property and equipment at December 31, 2025 and 2024 was as follows:

 

 

 

2025

 

 

2024

 

Furniture and fixtures

 

$269,123

 

 

$293,152

 

Equipment

 

 

1,062,765

 

 

 

1,192,071

 

Capitalized software development costs

 

 

19,411,746

 

 

 

17,940,976

 

Leasehold improvements

 

 

467,243

 

 

 

465,885

 

Subtotal

 

 

21,210,877

 

 

 

19,892,084

 

Less: accumulated depreciation and amortization

 

 

(19,581,313)

 

 

(18,099,181)

Total

 

$1,629,564

 

 

$1,792,903

 

 

Depreciation and amortization expense was $1,765,249 and $1,745,261, respectively, for the years ended December 31, 2025 and 2024. During the year ended December 31, 2025, we disposed of approximately $283,000 of fully depreciated equipment that was no longer in use. As the equipment was fully depreciated, there was no cash inflow or outflow associated with this transaction, and no gain or loss was recorded.