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PROPERTY AND EQUIPMENT, NET
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Property, Plant and Equipment [Abstract]    
PROPERTY AND EQUIPMENT, NET

NOTE 4 - PROPERTY AND EQUIPMENT, NET

 

As of September 30, 2023 and December 31, 2022, property and equipment consist of the following (in thousands):

  

   September 30, 2023   December 31, 2022 
         
Furniture and equipment  $1,321   $1,265 
Leasehold improvements   2,479    2,479 
Construction in progress   1,268    948 
Molds   405    143 
Gross property and equipment   5,473    4,835 
Less accumulated depreciation   (2,190)   (1,753)
           
Net Property and equipment  $3,283   $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 September 30, 2023 and 2022, respectively, and $0.5 million and $0.3 million for the nine months ended September 30, 2023 and 2022, respectively.

 

NOTE 4 - PROPERTY AND EQUIPMENT, NET

 

As of December 31, 2022 and 2021, property and equipment consist of the following (in thousands):

 

   2022   2021 
   December 31, 
   2022   2021 
         
Furniture and equipment  $1,265   $1,394 
Leasehold improvements   2,479    2,387 
Construction in progress   948    212 
Molds   143    75 
Gross property and equipment   4,835    4,068 
Less accumulated depreciation   (1,753)   (1,243)
Net Property and equipment  $3,082   $2,825 

 

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 $0.6 million and $0.4 million for the years ended December 31, 2022 and 2021, respectively.