Quarterly report pursuant to Section 13 or 15(d)

3. Long-Lived Assets

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3. Long-Lived Assets
 3 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
Long-Lived Assets

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

 

    March 31,     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     561,688       560,400  
Leasehold improvements     1,776,957       1,760,125  
Vehicles     196,534       196,534  
Computer equipment     753,225       661,234  
Software     1,837,174       1,878,848  
                 
      12,288,778       12,259,931  
Less accumulated depreciation     (5,838,906 )     (5,111,636 )
Property and equipment, net   $ 6,449,872     $ 7,148,295  

 

Depreciation of property and equipment was $727,270 and $580,793 for the three months ended March 31, 2016 and 2015, respectively.

 

Management periodically reviews the valuation of long-lived assets for potential impairments. Management has not recognized an impairment of these assets to date.