PROPERTY AND EQUIPMENT |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| PROPERTY AND EQUIPMENT | (5) PROPERTY AND EQUIPMENT The components of property and equipment are as follows (in thousands):
During the quarter ended September 30, 2025 the Company recorded an impairment charge of $1.3 million on property and equipment associated with its ZMS subsidiary (See Note 7 – Impairment). Total depreciation expense related to property and equipment was $0.2 million and $0.3 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense for the nine months ended September 30, 2025 and 2024, was $0.8 million and $0.7 million, respectively. Total depreciation expense related to devices out on lease was $0.3 million and $0.4 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation expense related to devices out on lease was $0.9 million and $1.3 million for the nine months ended September 30, 2025 and 2024, respectively. Depreciation on leased units is reflected on the income statement as cost of revenue. |
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