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Property and Equipment, net
9 Months Ended
Sep. 30, 2025
Property and Equipment, net [Abstract]  
Property and Equipment, net
Note 6
Property and Equipment, net:

Property and equipment consist of the following (in thousands):

   
September 30, 2025
   
December 31, 2024
 
             
Lasers placed-in-service
 
$
34,533
   
$
33,489
 
Equipment, computer hardware and software
   
300
     
300
 
Furniture and fixtures
   
240
     
240
 
Leasehold improvements
   
93
     
87
 
Lasers-in-process
   
2,383
     
2,093
 
     
37,549
     
36,209
 
Less: accumulated depreciation and amortization
   
(27,992
)
   
(26,148
)
   
$
9,557
   
$
10,061
 

During September 2025, the Company entered into a settlement and mutual release agreement with a supplier to resolve outstanding obligations related to the manufacture of property and equipment. Under the terms of the settlement, the Company will pay $0.1 million for approximately $0.8 million of property and equipment, and both parties are released from any and all claims, asserted or unasserted, arising from the related purchase order and service agreement. The transaction resulted in the recognition of a gain of $0.7 million, which is reflected within settlement gains in the accompanying condensed consolidated statements of operations.

The Company recorded depreciation and amortization expense of $0.7 million during each of the three months ended September 30, 2025 and 2024. The Company recorded depreciation and amortization expense of $2.2 million and $2.3 million during the nine months ended September 30, 2025 and 2024, respectively.