Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

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PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET
 3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
NOTE 6 - PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Property, equipment, and leasehold improvements, net consists of the following:

 

    March 31,     December 31,  
    2018     2017  
             
Land and Building   $ 20,719,158     $ 9,047,201  
Furniture and Equipment     3,579,954       3,553,587  
Computer Hardware and Software     602,098       486,176  
Leasehold Improvements     9,324,686       9,316,665  
Construction in Progress     4,064,491       1,204,547  
                 
Subtotal     38,290,387       23,608,176  
Less Accumulated Depreciation     (4,947,130 )     (4,416,560 )
                 
Property, Equipment and Leasehold Improvements, Net   $ 33,343,257     $ 19,191,616  

 

 

Depreciation expense related to property, equipment and leasehold improvements for the three months ended March 31, 2018 and 2017 was $530,570 and $463,073, respectively.