Annual report pursuant to Section 13 and 15(d)

Medical Equipment

v3.24.1.u1
Medical Equipment
 12 Months Ended
Dec. 31, 2023
Medical Equipment [Abstract]  
Medical Equipment Medical Equipment
Medical equipment consisted of the following (in thousands):
December 31, 2023 December 31, 2022
Medical Equipment for sale or rental $ 3,081  $ 2,802 
Medical Equipment for sale or rental - pump reserve
 (32) (12)
Medical Equipment for sale or rental - net 3,049  2,790 
Medical Equipment in rental service 96,298  99,163 
Medical Equipment in rental service - pump reserve
 (2,126) (2,270)
Accumulated depreciation (59,244) (57,443)
Medical Equipment in rental service - net 34,928  39,450 
Total $ 37,977  $ 42,240 
Depreciation expense for medical equipment for the years ended December 31, 2023, 2022 and 2021 was $10.4 million, $9.8 million and $9.4 million, respectively, which were 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. Sales of the Company's medical equipment are included in net revenue.