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Assets for Lease, net

12 Months Ended

Dec. 31, 2024

3. Assets for Lease, net

The Company provides financing of certain equipment through operating leases (see Note 13 to the financial statements). Assets for lease consist of the following:


	As of December 31,
	2024		2023
Assets for lease	$	2,522	$	3,375
Less: accumulated depreciation		(1,099)		(1,090)
Assets for lease, net	$	1,423	$	2,285

Depreciation expense amounted to $296 and $307 for the years ended December 31, 2024 and 2023, respectively. Reduction to accumulated depreciation for returned items was $279 and $441 for the years ended December 31, 2024 and December 31, 2023, respectively. The Company recognized a loss on disposal of assets for lease in the amount of $298 and $369 for the years ended December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, total assets for lease, net, in use at customer locations were $295 and $489, respectively.