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Lease Receivable | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Lease Receivable | Lease Receivable For deferred equipment agreements that contain embedded operating leases, upon lease commencement, the Company defers and records the equipment cost of operating lease assets within property and equipment, net of accumulated depreciation. These operating lease assets are subsequently amortized to cost of goods sold over the lease term on a straight-line basis. For deferred equipment agreements that contain embedded sales-type leases, the Company recognizes lease revenue and costs, as well as a lease receivable, at the time the lease commences. Lease revenue related to both operating-type and sales-type leases for the years ended December 31, 2024 and December 31, 2023 was approximately $0.8 million and $1.6 million, respectively. Costs related to embedded leases within the Company’s deferred equipment agreements are included in cost of goods sold in the accompanying consolidated statement of operations and comprehensive loss. Interest on the lease receivable was immaterial to the consolidated financial statements for the years ended December 31, 2024 and December 31, 2023. Lease receivable from sales-type leases consists of the following:
(in thousands) | Balance Sheet Location |  | December 31, 2024 |  | December 31, 2023
Lease receivable |  |  | $ | 2,528 |  |  | $ | 1,612 |
Allowance for expected credit losses |  |  | (719) |  |  | — |
Lease receivable, net | Prepaid expenses and other current assets |  | 1,809 |  | 1,612
Less: current portion of lease receivable |  |  | (1,264) |  |  | (1,505) |
Lease receivable, non-current | Other non-current assets |  | $ | 545 |  |  | $ | 107 |
As of December 31, 2024, estimated future maturities of customer sales-type lease receivable and operating lease payments for each of the following fiscal years are as follows:
| Future Lease Receivables/Payments (in thousands) |  |
Fiscal year | Sales-Type Leases |  | Operating Leases |  |
2025 | $ | 1,264 |  |  | $ | 13 |  |  |
2026 | 520 |  | 0 |  |
2027 | 14 |  | 0 |  |
2028 | 11 |  | 0 |  |
Thereafter | 0 |  | 0 |  |
Total lease payments | $ | 1,809 |  |  | $ | 13 |  |  |
Lease Receivable | Lease Receivable For deferred equipment agreements that contain embedded operating leases, upon lease commencement, the Company defers and records the equipment cost of operating lease assets within property and equipment, net of accumulated depreciation. These operating lease assets are subsequently amortized to cost of goods sold over the lease term on a straight-line basis. For deferred equipment agreements that contain embedded sales-type leases, the Company recognizes lease revenue and costs, as well as a lease receivable, at the time the lease commences. Lease revenue related to both operating-type and sales-type leases for the years ended December 31, 2024 and December 31, 2023 was approximately $0.8 million and $1.6 million, respectively. Costs related to embedded leases within the Company’s deferred equipment agreements are included in cost of goods sold in the accompanying consolidated statement of operations and comprehensive loss. Interest on the lease receivable was immaterial to the consolidated financial statements for the years ended December 31, 2024 and December 31, 2023. Lease receivable from sales-type leases consists of the following:
(in thousands) | Balance Sheet Location |  | December 31, 2024 |  | December 31, 2023
Lease receivable |  |  | $ | 2,528 |  |  | $ | 1,612 |
Allowance for expected credit losses |  |  | (719) |  |  | — |
Lease receivable, net | Prepaid expenses and other current assets |  | 1,809 |  | 1,612
Less: current portion of lease receivable |  |  | (1,264) |  |  | (1,505) |
Lease receivable, non-current | Other non-current assets |  | $ | 545 |  |  | $ | 107 |
As of December 31, 2024, estimated future maturities of customer sales-type lease receivable and operating lease payments for each of the following fiscal years are as follows:
| Future Lease Receivables/Payments (in thousands) |  |
Fiscal year | Sales-Type Leases |  | Operating Leases |  |
2025 | $ | 1,264 |  |  | $ | 13 |  |  |
2026 | 520 |  | 0 |  |
2027 | 14 |  | 0 |  |
2028 | 11 |  | 0 |  |
Thereafter | 0 |  | 0 |  |
Total lease payments | $ | 1,809 |  |  | $ | 13 |  |  |

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- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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