Quarterly report [Sections 13 or 15(d)]

Equipment on Lease, Net

v3.25.1
Equipment on Lease, Net
3 Months Ended
Mar. 31, 2025
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 $0.9 million as of March 31, 2025. The equipment leased to customers had a cost basis of $4.6 million and accumulated depreciation of $0.9 million as of December 31, 2024.

The total depreciation expense was $0 and $0.3 million included in cost of revenue for the three months ended March 31, 2025 and 2024, respectively.

Lease payments from customers consisted of the following:

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

(In thousands)

 

Equipment on lease payments

 

$

 

 

$

470

 

The future lease payments expected in 2025 are $1.1 million.