Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net (Tables)

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Property and Equipment, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment, net
Property and equipment, net consisted of the following (in thousands):
December 31,
2023 2022
Computers and telecom equipment $ 1,331  $ 599 
Lab equipment 1,171  871 
Furniture and fixtures 111  111 
Leasehold improvements 566  542 
Leased equipment 80,206  35,983 
Capitalized software 8,629  4,150 
Sales demo equipment 2,758  2,340 
Equipment held for lease1
32,910  7,826 
Construction in progress 2,493  71 
130,175  52,493 
Less: Accumulated depreciation and amortization (17,254) (7,786)
$ 112,921  $ 44,707 
(1) Represents equipment that has not yet been deployed to a customer and, accordingly, is not being depreciated.
Schedule of leased equipment and the related accumulated depreciation
Leased equipment and the related accumulated depreciation were as follows:
December 31,
2023 2022
Leased equipment $ 80,206  $ 35,983 
Accumulated depreciation (13,283) (5,802)
Leased equipment, net $ 66,923  $ 30,181