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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 7. PROPERTY AND EQUIPMENT

Property and equipment, net are recorded at cost and consisted of the following at December 31 (in thousands):
20242023
Computer equipment$3,486 $3,464 
Technical equipment3,878 3,135 
Facilities3,687 3,688 
Instruments2,695 3,004 
Capital projects in progress221 109 
Total property and equipment$13,967 $13,400 
Accumulated depreciation(11,392)(11,011)
Net property and equipment$2,575 $2,389 

Depreciation expense for the years ended December 31, 2024, and 2023 was $1.4 million and $1.3 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):

20242023
Instruments at cost under operating leases$2,205 $2,010 
Accumulated depreciation under operating leases(1,366)(1,194)
Net property and equipment under operating leases$839 $816