Property and Equipment

3 Months Ended

Mar. 31, 2020

5.	PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	March 31, 2020			December 31, 2019
Computer hardware and software	$	774,554		$	711,442
Office furniture and equipment		1,638,396			1,627,896
Leasehold improvements		4,163,816			4,150,488
Property and equipment, gross		6,576,766			6,489,826
Less: accumulated depreciation		(1,725,449	)		(1,405,961	)
Property and equipment, net	$	4,851,317		$	5,083,865

Depreciation expense was $319,488 and $152,622 for the three months ended March 31, 2020 and 2019, respectively.