Quarterly report pursuant to Section 13 or 15(d)

3. Property and Equipment

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3. Property and Equipment
 6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Long-Lived Assets

Property and equipment at June 30, 2016 and December 31, 2015 consisted of the following:

 

    June 30,     December 31,  
    2016     2015  
                 
Medical equipment   $ 922,551     $ 991,903  
Equipment     577,316       547,555  
Equipment under capital leases     5,663,333       5,663,332  
Furniture     562,117       560,400  
Leasehold improvements     1,776,957       1,760,125  
Vehicles     196,534       196,534  
Computer equipment     757,425       661,234  
Software     1,845,054       1,878,848  
      12,301,287       12,259,931  
Less accumulated depreciation     (6,540,593 )     (5,111,636 )
Property and equipment, net   $ 5,760,694     $ 7,148,295  

 

Depreciation expense on property and equipment was $0.7 million for the three months ended June 30, 2016 and 2015, and $1.4 million and $1.2 million for the six months ended June 30, 2016 and 2015, respectively. Management periodically reviews the valuation of long-lived assets, including property and equipment, for potential impairment. Management did not recognize any impairment of these assets during the three and six months ending June 30, 2016 and 2015.