PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 5 - PROPERTY, PLANT AND EQUIPMENT

a. Composition of assets, grouped by major classifications, is as follows:

	December 31,
	2024			2023
	($ in thousands)
Cost:
Computer equipment	$	726		$	425
Office furniture and equipment		464			249
Machinery and equipment		2,640			1,702
Leasehold improvements		861			724
		4,691			3,100
Less - accumulated depreciation and amortization		(2,320	)		(2,040	)
Net carrying amount	$	2,371		$	1,060

b. Depreciation and amortization expenses totaled approximately $280,000 and $232,000 for the years ended December 31, 2024, and 2023, respectively, excluding fixed assets that the company purchased, which is awaiting FDA approval and, as a result, is not yet operational and not depreciated.

INSPIREMD, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)