Quarterly report pursuant to Section 13 or 15(d)

Medical Equipment and Property

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Medical Equipment and Property
6 Months Ended
Jun. 30, 2015
Text Block [Abstract]  
Medical Equipment and Property
3. Medical Equipment and Property

Medical equipment consisted of the following as of June 30, 2015 and December 31, 2014 (in thousands):

 

     June 30,      December 31,  
     2015      2014  

Medical Equipment held for sale or rental *

   $ 3,959       $ 2,255   

Medical Equipment in rental service

     47,155         43,246   

Medical Equipment in rent service - pump reserve

     (209      (121

Accumulated depreciation

     (24,226      (23,311
  

 

 

    

 

 

 

Medical Equipment in rental service - net

     22,720         19,814   
  

 

 

    

 

 

 

Total

   $ 26,679       $ 22,069   
  

 

 

    

 

 

 

 

* Included in the current year amount is $1.8 million for acquisition related assets. For additional information, see Note 2.

Depreciation expense for medical equipment for the three and six months ended June 30, 2015 was $1.1 million and $2.1 million compared to $0.8 million and $1.5 million for the same prior year period, which was recorded in cost of revenues – pump depreciation and disposals, respectively.

Depreciation expense for property and equipment for the three and six months ended June 30, 2015 and 2014 was $0.1 million and $0.2 million, respectively. This expense was recorded in general and administrative expenses.