v3.26.1
Note 2 - Property and Equipment
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 2.    Property and Equipment

 

Property and equipment are stated at cost less accumulated depreciation. Depreciation for Gamma Knife equipment, LINAC units and other equipment is determined using the straight-line method over the estimated useful lives of the assets, which for medical and office equipment is generally between three and ten years, and after accounting for salvage value on the equipment where applicable. 

 

Depreciation for PBRT equipment is determined using the modified units of production method, which is a function of both time and usage of the equipment. This depreciation method allocates costs considering the projected volume of usage through the useful life of the PBRT unit, which has been estimated at 20 years. The estimated useful life of the PBRT unit is consistent with the estimated economic life of 20 years.

 

The following table summarizes property and equipment as of March 31, 2026 and December 31, 2025:

 

  

March 31,

  

December 31,

 
  

2026

  

2025

 
         

Medical equipment and facilities

 $70,259,000  $70,172,000 

Office equipment

  643,000   638,000 

Construction in progress

  205,000   255,000 
   71,107,000   71,065,000 

Accumulated depreciation

  (41,238,000)  (39,943,000)

Net property and equipment

 $29,869,000  $31,122,000 
         

Net property and equipment held outside of the United States

 $7,887,000  $8,082,000 

 

Depreciation expense recorded in costs of revenue and selling and administrative expense in the condensed consolidated statements of operations for the three-month periods ended March 31, 2026 and 2025 is as follows:

 

  

Three Months Ended March 31,

 
  

2026

  

2025

 
         

Depreciation expense

 $1,294,000  $1,449,000