Consolidated Balance Sheet Components

12 Months Ended

Dec. 31, 2024

Consolidated Balance Sheet Components

Consolidated Balance Sheet Components

5. Consolidated Balance Sheet Components

Inventory

The following tables show the components of inventory:

	December 31,		December 31,
	2024		2023
Raw materials inventory	$	4,717	$	5,694
Finished goods inventory		3,927		5,977
Work in progress		270		558
Total inventory	$	8,914	$	12,229

The Company recorded an allowance for obsolete inventory of $1,771 and $697 at December 31, 2024 and 2023, respectively.

Property and Equipment, Net

Property and equipment, net comprised the following:

	December 31,		December 31,
	2024		2023
Leasehold improvements	$	14,727	$	14,654
Furniture and equipment		11,946		12,288
Internal-use software		4,349		4,106
Instruments		2,005		2,441
Construction in process		272		310
Accumulated depreciation and amortization		(13,592)		(10,286)
Property and equipment, net	$	19,707	$	23,513

For the years ended December 31, 2024 and 2023, the Company transferred $182 and $189, respectively, of instruments previously classified as inventory to property and equipment licensed to customers.

For the years ended December 31, 2024 and 2023, the Company incurred depreciation and amortization expense of $4,315 and $4,171, respectively.

Maintenance and repairs are charged to expense as incurred.