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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 7. PROPERTY AND EQUIPMENT

Property and equipment, net is recorded at cost and consisted of the following at December 31 (in thousands):

20232022
Computer equipment$3,464 $3,551 
Technical equipment3,135 3,236 
Facilities3,688 3,663 
Instruments3,004 3,735 
Capital projects in progress109 114 
Total property and equipment$13,400 $14,299 
Accumulated depreciation(11,011)(10,821)
Net property and equipment$2,389 $3,478 

Depreciation expense for the years ended December 31, 2023, 2022 and 2021 was $1.3 million, $1.7 million and $2.0 million, respectively.
Instruments at cost and accumulated depreciation where the Company is the lessor under operating leases consisted of the following at December 31 (in thousands):

20232022
Instruments at cost under operating leases$2,010 $2,585 
Accumulated depreciation under operating leases(1,194)(1,209)
Net property and equipment under operating leases$816 $1,376