Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following as of December 31:
(in thousands) 2023 2022
Equipment $ 1,108  $ 1,511 
Furniture and fixtures —  112 
Leasehold improvements 485  201 
Computer equipment and software —  150 
Loaned systems 741  601 
2,334  2,575 
Less accumulated depreciation and amortization (945) (1,769)
Total property and equipment, net $ 1,389  $ 806 
Depreciation and amortization expense related to property and equipment for each of the years ended December 31, 2023 and 2022 was $0.2 million and $0.1 million, respectively. Loaned systems are ClearPoint systems that are in operation at customer sites on an evaluation basis.
During the year ended December 31, 2023, as part of the transition to the new manufacturing facility, the Company disposed of certain fully depreciated property and equipment no longer in use.