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Assets for Lease, net

6 Months Ended

Jun. 30, 2024

5. Assets for Lease, net

The Company provides financing of certain equipment through operating leases (see Note 14 to the Unaudited Condensed Financial Statements).

Assets for lease consist of the following:


	June 30,		December 31,
	2024		2023
Assets for lease	$	2,906	$	3,375
Less: accumulated depreciation		(1,138)		(1,090)
Assets for lease, net	$	1,768	$	2,285

Depreciation expense amounted to $74 and $77 for the three months ended June 30, 2024 and 2023, respectively. Depreciation expense amounted to $151 and $147 for the six months ended June 30, 2024 and 2023, respectively. Reduction to accumulated depreciation for returned and retired items was $50 and $67 for the three months ended June 30, 2024 and 2023, respectively. Reduction to accumulated depreciation for returned and retired items was $104 and $264 for the six months ended June 30, 2024 and 2023, respectively. The Company recognized a loss on disposal of assets for lease in the amount of $130 and $36 for the three months ended June 30, 2024 and 2023, respectively. The Company recognized a loss on disposal of assets for lease in the amount of $319 and $114 for the six months ended June 30, 2024 and 2023, respectively.