Property and Equipment, Net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:


	September 30,			December 31,
(in thousands)	2024			2023
Trocars	$	4,644		$	4,644
Leasehold improvements		2,389			1,506
Office equipment		523			253
Computer software		140			140
Furniture and fixtures		384			181
Computer equipment		223			108
Construction in process		3,610			—
Property and equipment		11,913			6,832
Less: Accumulated depreciation		(6,100	)		(5,614	)
Property and equipment, net	$	5,813		$	1,218

Total depreciation expense related to property and equipment was $0.2 million for each of the three months ended September 30, 2024 and 2023, respectively and $0.5 million and $0.7 million for the nine months ended September 30, 2024 and 2023, respectively. Total depreciation expense was included in selling, general and administrative expense in the unaudited condensed consolidated statements of operations and comprehensive income (loss). The Company has not acquired any property and equipment under finance leases.

The Company’s property and equipment are all held within the United States.