v3.25.2
PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2025
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

(5)   PROPERTY AND EQUIPMENT

The components of property and equipment are as follows (in thousands):

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March 31, 2025

    

December 31, 2024

Property and equipment

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​

  

 

​

  

Office furniture and equipment

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$

3,262

​

$

3,210

Assembly equipment

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445

​

 

425

Vehicles

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75

​

 

75

Leasehold improvements

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1,955

​

 

1,893

Leased devices

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​

802

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​

815

Capital projects

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223

​

 

182

Total property and equipment at cost

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$

6,762

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$

6,600

Less accumulated depreciation

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(3,725)

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(3,516)

Total property and equipment, net

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$

3,037

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$

3,084

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Total depreciation expense related to our property and equipment was $0.3 million and $0.2 million for the three months ended March 31, 2025 and 2024, respectively.

Total depreciation expense related to devices out on lease was $0.3 million and $0.4 million for the three months ended March 31, 2025 and 2024, respectively. Depreciation on leased units is reflected on the income statement as cost of revenue.