XML 30 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Lease Receivable
 12 Months Ended
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, 2024December 31, 2023
Lease receivable$2,528 $1,612 
Allowance for expected credit losses(719)— 
     Lease receivable, net
Prepaid expenses and other current assets
1,8091,612
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 yearSales-Type LeasesOperating Leases
2025$1,264 $13 
20265200
2027140
2028110
Thereafter00
     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, 2024December 31, 2023
Lease receivable$2,528 $1,612 
Allowance for expected credit losses(719)— 
     Lease receivable, net
Prepaid expenses and other current assets
1,8091,612
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 yearSales-Type LeasesOperating Leases
2025$1,264 $13 
20265200
2027140
2028110
Thereafter00
     Total lease payments
$1,809 $13