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Property and Equipment, Net
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
June 30,
2023		December 31,
2022
Computers and telecom equipment$1,001 $599 
Lab equipment951 871 
Furniture and fixtures111 111 
Leasehold improvements542 542 
Leased equipment57,143 35,983 
Capitalized software6,002 4,150 
Sales demo equipment2,689 2,340 
Equipment held for lease1
24,183 7,826 
Construction in progress156 71 
92,778 52,493 
Less: Accumulated depreciation and amortization(11,693)(7,786)
$81,085 $44,707 
1Represents equipment that has not yet been deployed to a customer and, accordingly, is not being depreciated.
As of June 30, 2023 and December 31, 2022, the net book value of capitalized software was $4.9 million and $3.5 million, respectively. These amounts include $0.4 million and $0.2 million of capitalized stock compensation costs, respectively. Depreciation and amortization expense related to property and equipment was $2.3 million and $1.3 million for the three months ended June 30, 2023 and 2022, and $4.1 million and $2.4 million for the six months ended June 30, 2023 and 2022, respectively.
Leased equipment and the related accumulated depreciation were as follows:
June 30,
2023		December 31,
2022
Leased equipment$57,143 $35,983 
Accumulated depreciation(8,805)(5,802)
Leased equipment, net$48,338 $30,181 
Depreciation expense related to leased units was $1.8 million and $1.0 million during the three months ended June 30, 2023 and 2022, and $3.2 million and $1.9 million for the six months ended June 30, 2023 and 2022, respectively. Depreciable lives are generally 7 years, consistent with the Company’s planned and historical usage of the equipment subject to operating leases.