PROPERTY AND EQUIPMENT AND CAPITALIZED SOFTWARE

12 Months Ended

Dec. 31, 2024

PROPERTY AND EQUIPMENT AND CAPITALIZED SOFTWARE

PROPERTY AND EQUIPMENT AND CAPITALIZED SOFTWARE

9.   PROPERTY AND EQUIPMENT AND CAPITALIZED SOFTWARE

The following table presents the composition of property and equipment, net as of December 31, 2024 and 2023 (in thousands):

	December 31,
	2024		2023
Laboratory equipment	$	626	$	702
Office equipment		495		495
Auto		23		23
Computer equipment and software		806		1,082
Manufacturing equipment		605		551
Clinical equipment		278		—
Leasehold improvements		1,608		1,436
TMS devices		4,447		—
Rental equipment		598		542
Property and equipment, gross		9,486		4,831
Less: Accumulated depreciation		(3,244)		(2,822)
Property and equipment, net	$	6,242	$	2,009

As of December 31, 2024 and 2023, the Company had capitalized software costs, net of $0.4 million and $4.2 million, respectively, which are included in other assets on the Consolidated Balance Sheets. During the year ended December 31, 2024, the Company disposed of $0.4 million of fully depreciated property and equipment. For the year ended December 31, 2024, the Company recorded a $4.0 million capitalized software impairment charge within research and development expense on the Consolidated Statement of Operations. The Company has not recorded any impairment of its long-lived assets for the years ended December 31, 2023 and 2022.

Depreciation and amortization expense related to property and equipment and capitalized software costs was $2.1 million, $2.0 million and $1.6 million for the years ended December 31, 2024, 2023 and 2022, respectively.