PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

(5)   PROPERTY AND EQUIPMENT

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

	June 30, 2024		December 31, 2023
Property and equipment
Office furniture and equipment	$	2,960	$	2,768
Assembly equipment		357		178
Vehicles		75		75
Leasehold improvements		1,840		1,174
Leased devices		1,041		796
Capital projects		155		869
	$	6,428	$	5,860
Less accumulated depreciation		(3,178)		(2,746)
	$	3,250	$	3,114

Total depreciation expense related to our property and equipment was $0.2 million for both the three months ended June 30, 2024 and 2023. Depreciation expense for the six months ended June 30, 2024 and 2023, was $0.4 million, for both periods.

Total depreciation expense related to devices out on lease was $0.5 million for both the three months ended June 30, 2024 and 2023. Depreciation expense related to devices out on lease was $0.9 million for both the six months ended June 30, 2024 and 2023. Depreciation on leased units is reflected on the income statement as cost of revenue.