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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2025
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

(5)   PROPERTY AND EQUIPMENT

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

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​

​

​

​

​

​

​

​

    

September 30, 2025

    

December 31, 2024

Property and equipment

​

​

  

 

​

  

Office furniture and equipment

​

$

2,766

​

$

3,210

Assembly equipment

​

 

154

​

 

425

Vehicles

​

 

75

​

 

75

Leasehold improvements

​

 

1,131

​

 

1,893

Leased devices

​

​

725

​

​

815

Capital projects

​

 

4

​

 

182

Total property and equipment at cost

​

​

4,855

​

​

6,600

Less accumulated depreciation

​

 

(3,568)

​

 

(3,516)

Total property and equipment, net

​

$

1,287

​

$

3,084

​

During the quarter ended September 30, 2025 the Company recorded an impairment charge of $1.3 million on property and equipment associated with its ZMS subsidiary (See Note 7 – Impairment).

Total depreciation expense related to property and equipment was $0.2 million and $0.3 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense for the nine months ended September 30, 2025 and 2024, was $0.8 million and $0.7 million, respectively.

Total depreciation expense related to devices out on lease was $0.3 million and $0.4 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense related to devices out on lease was $0.9 million and $1.3 million for the nine months ended September 30, 2025 and 2024, respectively. Depreciation on leased units is reflected on the income statement as cost of revenue.