Quarterly report pursuant to Section 13 or 15(d)

Equipment on Lease, Net

v3.24.1.1.u2
Equipment on Lease, Net
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Equipment on Lease, Net Equipment on Lease, Net
The equipment leased to customers had a cost basis of $6.2 million and accumulated depreciation of $0.7 million as of March 31, 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 $0.3 million and $0.3 million included in cost of revenue for the three months ended March 31, 2024 and 2023, respectively.
Lease payments from customers consisted of the following:
Three Months Ended March 31,
2024 2023
(In thousands)
Equipment on lease payments $ 470  $ 575 
Equipment on lease variable payments —  — 
Total lease payments $ 470  $ 575