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

Property and Equipment

v3.26.1
Property and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment
7.
Property and Equipment

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

 

(in thousands)

 

2025

 

 

2024

 

Equipment

 

$

1,990

 

 

$

1,558

 

Leasehold improvements

 

 

485

 

 

 

485

 

Loaned systems

 

 

1,863

 

 

 

1,305

 

 

 

4,338

 

 

 

3,348

 

Less accumulated depreciation

 

 

(1,717

)

 

 

(1,343

)

Total property and equipment, net

 

$

2,621

 

 

$

2,005

 

 

Depreciation expense related to property and equipment for the years ended December 31, 2025 and 2024 was $0.4 million and $0.2 million, respectively. Loaned systems are ClearPoint systems that are in operation at customer sites on an evaluation basis.