PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

(5)   PROPERTY AND EQUIPMENT

The components of property and equipment are as follows (in thousands):

	March 31, 2024		December 31, 2023
Property and equipment
Office furniture and equipment	$	2,907	$	2,768
Assembly equipment		314		178
Vehicles		75		75
Leasehold improvements		1,832		1,174
Leased devices		910		796
Capital projects		128		869
	$	6,166	$	5,860
Less accumulated depreciation		(2,932)		(2,746)
	$	3,234	$	3,114

Total depreciation expense related to our property and equipment was $0.2 million for the three months ended March 31, 2024 and 2023.

Total depreciation expense related to devices out on lease was $0.4 million for the three months ended March 31, 2024 and 2023. Depreciation on leased units is reflected on the income statement as cost of revenue.