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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2024
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

(4)   PROPERTY AND EQUIPMENT

The components of property and equipment are as follows (in thousands):

    

December 31, 2024

    

December 31, 2023

Property and equipment

  

 

  

Office furniture and equipment

$

3,210

$

2,768

Assembly equipment

 

425

 

178

Vehicles

 

75

 

75

Leasehold improvements

 

1,893

 

1,174

Leased devices

815

796

Capital projects

 

182

 

869

Total property and equipment at cost

$

6,600

$

5,860

Less accumulated depreciation

 

(3,516)

 

(2,746)

Total property and equipment, net

$

3,084

$

3,114

Total depreciation expense related to our purchased property and equipment was $1.0 million and $0.8 million for the years ended December 31, 2024 and 2023, respectively. Total depreciation expense related to devices out on lease was $1.9 million for both the years ended December 31, 2024 and 2023, respectively. Depreciation on leased units is reflected on the income statement as cost of revenue.