Annual report pursuant to Section 13 and 15(d)

5. Property and Equipment

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5. Property and Equipment
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Long-Lived Assets

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

 

    December 31,     December 31,  
    2016     2015  
             
Medical equipment   $ 696,195     $ 991,903  
Equipment     490,746       547,555  
Equipment under capital leases     4,497,025       5,663,332  
Furniture     525,689       560,400  
Leasehold improvements     1,335,971       1,760,125  
Vehicles     196,534       196,534  
Computer equipment     634,237       661,234  
Software     1,739,348       1,878,848  
      10,115,745       12,259,931  
Less accumulated depreciation     (7,019,143 )     (5,111,636 )
Property and equipment, net   $ 3,096,602     $ 7,148,295  

 

Depreciation expense on property and equipment was $3.0 million and $2.7 million for the years ended December 31, 2016 and 2015, respectively. During the year ended December 31, 2016, the Company determined that some of the equipment within the Clinical Laboratory Services business segment was impaired and the Company recorded an impairment charge of $0.8 million.