Quarterly report pursuant to Section 13 or 15(d)

Medical Equipment

v3.23.2
Medical Equipment
6 Months Ended
Jun. 30, 2023
Medical Equipment [Abstract]  
Medical Equipment Medical Equipment
Medical equipment consisted of the following (in thousands):
  June 30,
2023
December 31, 2022
Medical equipment for sale or rental $ 3,239 $ 2,802
Medical equipment for sale or rental - pump reserve (33) (12)
Medical equipment for sale or rental - net 3,206 2,790
 
Medical equipment in rental service 101,165 99,163
Medical equipment in rental service - pump reserve (2,699) (2,270)
Accumulated depreciation (60,769) (57,443)
Medical equipment in rental service - net 37,697 39,450
 
Total $ 40,903 $ 42,240
Depreciation expense for medical equipment for the three and six months ended June 30, 2023 was $2.6 million and $5.3 million, respectively, compared to $2.5 million and $4.9 million for the same prior year periods, respectively. This expense was recorded in “cost of revenues” for each period. The pump reserve for medical equipment in rental service represents an estimate for medical equipment that is considered to be missing. The reserve calculated is equal to the net book value of assets that have not returned from the field within a certain timeframe.