Quarterly report pursuant to Section 13 or 15(d)

Equipment on Lease, Net

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Equipment on Lease, Net
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Equipment on Lease, Net

Note 7. Equipment on Lease, Net

The equipment leased to customers had a cost basis of $4.6 million and accumulated depreciation of $0.7 million as of June 30, 2024. The equipment leased to customers had a cost basis of $7.4 million and accumulated depreciation of $0.8 million as of December 31, 2023.

The total depreciation expense was $0.2 million and $0.3 million included in cost of revenue for the three months ended June 30, 2024 and 2023, respectively. The total depreciation expense was $0.5 million and $0.6 million included in cost of revenue for the six months ended June 30, 2024 and 2023, respectively.

Lease payments from customers consisted of the following:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

(In thousands)

 

Equipment on lease payments

 

$

292

 

 

$

35

 

 

$

762

 

 

$

610