v3.25.2
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

(4)   PROPERTY AND EQUIPMENT

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

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December 31, 2024

    

December 31, 2023

Property and equipment

​

​

  

 

​

  

Office furniture and equipment

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$

3,210

​

$

2,768

Assembly equipment

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425

​

 

178

Vehicles

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75

​

 

75

Leasehold improvements

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1,893

​

 

1,174

Leased devices

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​

815

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​

796

Capital projects

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182

​

 

869

Total property and equipment at cost

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$

6,600

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$

5,860

Less accumulated depreciation

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(3,516)

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(2,746)

Total property and equipment, net

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$

3,084

​

$

3,114

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Total depreciation expense related to our purchased property and equipment was $1.0 million and $0.8 million for the years ended December 31, 2024 and 2023, respectively. Total depreciation expense related to devices out on lease was $1.9 million for both the years ended December 31, 2024 and 2023, respectively. Depreciation on leased units is reflected on the income statement as cost of revenue.