9.   PROPERTY AND EQUIPMENT AND CAPITALIZED SOFTWARE

The following table presents the composition of property and equipment, net as of December 31, 2025 and 2024 (in thousands):

​

​

As of December 31, 2025 and 2024, the Company had capitalized software costs, net of $0.8 million and $0.4 million, respectively, which are included in other assets on the Consolidated Balance Sheets. During the year ended December 31, 2025, the Company disposed of $1.1 million of rental equipment and TMS devices with a net book value of $0.1 million. During the year ended December 31, 2024, the Company disposed of $0.4 million of fully depreciated property and equipment. For the year ended December 31, 2024, the Company recorded a $4.0 million capitalized software impairment charge within research and development expense on the Consolidated Statement of Operations. The Company has not recorded any impairment of its long-lived assets for the years ended December 31, 2025 and 2023.

Depreciation and amortization expense related to property and equipment and capitalized software costs was $2.0 million, $2.1 million and $2.0 million for the years ended December 31, 2025, 2024 and 2023, respectively.