Annual report pursuant to Section 13 and 15(d)

3. PROPERTY AND EQUIPMENT

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

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

 

    2019     2018  
             
Furniture and fixtures   $ 334,000     $ 207,000  
Computer hardware     3,141,000       3,195,000  
      3,475,000       3,402,000  
Less: accumulated depreciation and amortization     (3,236,000 )     (2,871,000 )
    $ 239,000     $ 531,000  

 

Depreciation and amortization expense for property and equipment was $365,000 and $861,214 for the years ended December 31, 2019 and 2018, respectively.