PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2021

7.	PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

SUMMARY OF PROPERTY AND EQUIPMENT

	March 31, 2021			December 31, 2020
Computer hardware and software	$	610,218		$	626,328
Office furniture and equipment		1,626,491			1,626,491
Leasehold improvements		4,163,860			4,163,860
Property and equipment, gross		6,400,569			6,416,679
Less: accumulated depreciation		(2,612,973	)		(2,348,842	)
Property and equipment, net	$	3,787,596		$	4,067,837

Depreciation expense was $272,186 and $319,488 for the three months ended March 31, 2021 and 2020, respectively.