6.           Assets for Lease, Net

The Company provides financing of certain equipment through operating leases (see Note 15 to the Unaudited Condensed Consolidated Financial Statements). Assets for lease consist of the following:

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Depreciation expense amounted to $60 and $74 for the three months ended June 30, 2025 and 2024, respectively. Depreciation expense amounted to $113 and $151 for the six months ended June 30, 2025 and 2024, respectively. Reduction to accumulated depreciation for returned and retired items was $41 and $50 for the three months ended June 30, 2025 and 2024, respectively. Reduction to accumulated depreciation for returned and retired items was $134 and $104 for the six months ended June 30, 2025 and 2024, respectively. Additionally, during the six-month period ended June 30, 2025, the Company removed leased assets for $827 and depreciation for $800 for assets that are no longer in use, resulting in a net assets write-off of $27, which is included in cost of revenues in the Unaudited Condensed Consolidated Statements of Operations. The Company recognized a loss on disposal of assets for lease in the amount of $52 and $130 for the three months ended June 30, 2025 and 2024, respectively. The Company recognized a total loss on disposal of assets for lease in the amount of $160 and $319 for the six months ended June 30, 2025 and 2024, respectively. These losses primarily result from customer returns and scrap.