Note
2 — Property and Equipment
Property
and equipment consist of the following:
Schedule of Property and Equipment
| (in thousands) | |
As of
March 31,
2026 | | |
As of
December 31,
2025 | | |
Estimated
Useful Lives | |
| | |
| | |
| | |
| |
| Operations equipment | |
$ | 1,000 | | |
$ | 974 | | |
3-10 years | |
| Equipment leased to customers | |
| 1,781 | | |
| 1,600 | | |
10 years | |
| Tradeshow and demo equipment | |
| 1,098 | | |
| 1,184 | | |
3 years | |
| Computer equipment | |
| 189 | | |
| 186 | | |
3 years | |
| Research and development equipment | |
| 259 | | |
| 246 | | |
3 years | |
| Subtotal | |
| 4,327 | | |
| 4,190 | | |
| |
| Construction in progress | |
| 228 | | |
| 228 | | |
| |
| Less accumulated depreciation | |
| (2,241 | ) | |
| (2,442 | ) | |
| |
| Property and Equipment, Net | |
$ | 2,314 | | |
$ | 1,976 | | |
| |
Depreciation expense was $96 thousand and
$86 thousand for the three months ended March 31, 2026 and 2025, respectively.
|