Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
4. PROPERTY AND EQUIPMENT

 

Property and equipment at December 31, 2019 and 2018 consists of the following: 

    December 31,  
    2019     2018  
Vehicle   $ 1,148,993     $ 535,857  
Leasehold improvements     884,685       441,725  
Furniture, fixtures and equipment     2,858,777       1,417,061  
      4,892,455       2,394,643  
Accumulated depreciation and amortization     (1,551,839 )     (573,822 )
                 
Property and equipment, net   $ 3,340,616     $ 1,820,821  

 

Depreciation expense was $1,046,328 and $350,415 for the years ended December 31, 2019 and 2018, respectively.