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Property and Equipment, Net
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Property, Plant and Equipment [Abstract]    
Property and Equipment, net
5.
Property and Equipment, net

Property and equipment consisted of the following:

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Pre-production tooling

 

$

3,094

 

 

$

3,094

 

Machinery and equipment

 

 

191

 

 

 

125

 

Leasehold improvements

 

 

186

 

 

 

113

 

Furniture and fixtures

 

 

25

 

 

 

25

 

Exercise equipment

 

 

13

 

 

 

13

 

Total

 

 

3,509

 

 

 

3,370

 

Less: Accumulated depreciation

 

 

(3,345

)

 

 

(2,926

)

Total property and equipment, net

 

$

164

 

 

$

444

 

Depreciation expense amounted to $0.1 million and $0.2 million for each of the three months ended September 30, 2024 and 2023, respectively. Depreciation expense amounted to $0.4 million and $0.7 million for each of the nine months ended September 30, 2024 and 2023, respectively.

Note 5. Property and Equipment, net

Property and equipment, net consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

(in thousands)

 

2023

 

 

2022

 

Pre-production tooling

 

$

3,094

 

 

$

3,094

 

Machinery and equipment

 

 

125

 

 

 

125

 

Leasehold improvements

 

 

113

 

 

 

113

 

Furniture and fixtures

 

 

25

 

 

 

25

 

Software and technology development asset

 

 

13

 

 

 

13

 

Total

 

 

3,370

 

 

 

3,370

 

Less: Accumulated depreciation

 

 

(2,926

)

 

 

(2,044

)

Total property and equipment, net

 

$

444

 

 

$

1,326

 

 

Depreciation expense amounted to $0.9 million and $1.2 million for the year ended December 31, 2023 and 2022, respectively.