v3.25.2
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2025
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

(5)   PROPERTY AND EQUIPMENT

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

    

June 30, 2025

    

December 31, 2024

Property and equipment

  

 

  

Office furniture and equipment

$

3,271

$

3,210

Assembly equipment

 

445

 

425

Vehicles

 

75

 

75

Leasehold improvements

 

1,955

 

1,893

Leased devices

846

815

Capital projects

 

246

 

182

Total property and equipment at cost

6,838

6,600

Less accumulated depreciation

 

(3,976)

 

(3,516)

Total property and equipment, net

$

2,862

$

3,084

Total depreciation expense related to property and equipment was $0.3 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation expense for the six months ended June 30, 2025 and 2024, was $0.6 million and $0.4 million, respectively.

Total depreciation expense related to devices out on lease was $0.3 million and $0.5 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation expense related to devices out on lease was $0.6 million and $0.9 million for the six months ended June 30, 2025 and 2024, respectively. Depreciation on leased units is reflected on the income statement as cost of revenue.