Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment

v3.25.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment
6.
Property and Equipment

Property and equipment consist of the following as of December 31:

 

(in thousands)

 

2024

 

 

2023

 

Equipment

 

$

1,558

 

 

$

1,108

 

Leasehold improvements

 

 

485

 

 

 

485

 

Loaned systems

 

 

1,305

 

 

 

741

 

 

 

3,348

 

 

 

2,334

 

Less accumulated depreciation and amortization

 

 

(1,343

)

 

 

(945

)

Total property and equipment, net

 

$

2,005

 

 

$

1,389

 

 

Depreciation and amortization expense related to property and equipment for each of the years ended December 31, 2024 and 2023 was $0.2 million. Loaned systems are ClearPoint systems that are in operation at customer sites on an evaluation basis.