v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property and Equipment  
Property and Equipment

Note 3 – Property and Equipment

 

The net carrying value of property and equipment was as follows as of:

 

 

 

June 30,

2026

 

 

December 31,

2025

 

Furniture and fixtures

 

$269,123

 

 

$269,123

 

Equipment

 

 

775,819

 

 

 

1,062,765

 

Capitalized internal use and purchased software

 

 

19,956,063

 

 

 

19,411,743

 

Leasehold improvements

 

 

467,243

 

 

 

467,243

 

Subtotal

 

 

21,468,248

 

 

 

21,210,874

 

Less: accumulated depreciation and amortization

 

 

(20,078,668)

 

 

(19,581,313)

Total

 

$1,389,580

 

 

$1,629,561

 

 

During the three months ended June 30, 2026 and June 30, 2025, depreciation and amortization expense was $401,209 and $445,183, respectively. During the six months ended June 30, 2026 and June 30, 2025, depreciation and amortization expense was $822,620 and $895,849, respectively. During the three and six months ended June 30, 2026, we disposed of equipment and software approximately $296,000 and $340,800 respectively, that was no longer in use. The Company recognized a loss on disposal of approximately $14,300 and $15,600 during the three- and six-month periods ended June 30, 2026, respectively.