Quarterly report pursuant to Section 13 or 15(d)

3. Property and Equipment

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

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

 

    September 30,     December 31,  
    2016     2015  
                 
Medical equipment   $ 922,551     $ 991,903  
Equipment     577,317       547,555  
Equipment under capital leases     5,043,095       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     1,845,054       1,878,848  
      11,676,421       12,259,931  
Less accumulated depreciation     (6,622,631 )     (5,111,636 )
Property and equipment, net   $ 5,053,790     $ 7,148,295  

 

Depreciation expense on property and equipment was $0.7 million for the three months ended September 30, 2016 and 2015, and $2.1 million and $2.0 million for the nine months ended September 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 nine months ended September 30, 2016 and 2015.