Quarterly report pursuant to Section 13 or 15(d)

Medical Equipment

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Medical Equipment
6 Months Ended
Jun. 30, 2024
Medical Equipment [Abstract]  
Medical Equipment Medical Equipment
Medical equipment consisted of the following (in thousands):
  June 30,
2024
December 31, 2023
Medical equipment for sale or rental $ 7,007 $ 3,081
Medical equipment for sale or rental - pump reserve (27) (32)
Medical equipment for sale or rental - net 6,980 3,049
 
Medical equipment in rental service 101,398 96,298
Medical equipment in rental service - pump reserve (2,239) (2,126)
Accumulated depreciation (62,897) (59,244)
Medical equipment in rental service - net 36,262 34,928
 
Total $ 43,242 $ 37,977
Depreciation expense for medical equipment for the three and six months ended June 30, 2024 was $2.5 million and $4.8 million compared to $2.6 million and $5.3 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. For the six months ended June 30, 2024 and 2023, $3.1 million and $1.6 million of current liabilities related to non-cash purchases of medical equipment and property, respectively, had not been included in investing activities in the Condensed Consolidated Statements of Cash Flows. These amounts will be included as a cash outflow from investing activities when paid.