Sales-Type Leases

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Sales-Type Leases

Note 5: Sales-Type Leases

Revenue from sales-type leases was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in $000s)	2022		2021		2022		2021
Equipment sales	$	7,099	$	6,905	$	27,007	$	13,711
Cost of equipment sales	5,938		6,592		23,073		11,588
Gross profit (loss)	$	1,161	$	313	$	3,934	$	2,123

As these transactions remained under rental contracts, $5.1 million and $3.2 million for the three months ended September 30, 2022 and 2021, respectively, and $15.6 million and $6.0 million for the nine months ended September 30, 2022 and 2021, respectively, were billed under the contracts as rentals.