XML 22 R12.htm IDEA: XBRL DOCUMENT v3.23.1
PROPERTY AND EQUIPMENT, NET
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 4 - PROPERTY AND EQUIPMENT, NET

 

As of March 31, 2023 and 2022, property and equipment consist of the following (in thousands):

 

  

March 31,

2023

  

December 31,

2022

 
         
Furniture and equipment  $1,265   $1,265 
Leasehold improvements   2,479    2,479 
Construction in progress   1,136    948 
Molds   194    143 
Gross property and equipment   5,074    4,835 
Less accumulated depreciation   (1,917)   (1,753)
           
Net Property and equipment  $3,157   $3,082 

 

Leasehold improvements relate to the Vivos Institute (the Company’s 15,000 square foot facility where the Company provides advanced post-graduate education and certification to dentists, dental teams, and other healthcare professionals in a live and hands-on setting) and the two Company-owned dental centers in Colorado. Total depreciation and amortization expense was $0.2 million for the three months ended March 31, 2023 and 2022, respectively.