Property and Equipment

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

The Company’s fixed assets consist of its medical equipment held for rental, furniture and equipment, real property and related improvements, and vehicles and other various small equipment.

The following table details the Company’s fixed assets:


	June 30, 2020		December 31, 2019
Medical equipment	$	59,211	$	56,202
Furniture and equipment	2,468		2,350
Land	2,138		2,138
Buildings	6,304		6,351
Leasehold improvements	290		301
Vehicles	953		1,110
Less: Accumulated depreciation	(16,277)		(13,680)
Property and equipment, net of accumulated depreciation	$	55,087	$	54,772

Depreciation in the amount of $1,985,000 and $1,306,000 is included in cost of revenue for the three months ended June 30, 2020 and 2019, respectively, and in the amount of $3,910,000 and $2,472,000 for the six months ended June 30, 2020 and 2019, respectively. Included in medical equipment above is equipment acquired under capital lease obligations whose cost and accumulated depreciation at June 30, 2020 total $9,093,000 and $2,282,000, respectively. At December 31, 2019, cost and accumulated depreciation on equipment acquired under capital lease obligations was $15,680,000 and $1,337,000, respectively. Medical equipment purchases with a cost of $1,448,000 and $2,817,000 were included in accounts payable at June 30, 2020 and December 31, 2019, respectively.