Annual report pursuant to Section 13 and 15(d)

Medical Equipment

v3.6.0.2
Medical Equipment
12 Months Ended
Dec. 31, 2015
Text Block [Abstract]  
Medical Equipment
5. Medical Equipment

Medical equipment consisted of the following as of December 31 (in thousands):

 

     2015      2014  

Medical Equipment held for sale or rental

   $ 2,277       $ 2,255   

Medical Equipment in rental service

     53,681         43,246   

Medical Equipment in rental service - pump reserve

     (232      (121

Accumulated depreciation

     (25,612      (23,311
  

 

 

    

 

 

 

Medical Equipment in rental service - net

     27,837         19,814   
  

 

 

    

 

 

 

Total

   $ 30,114       $ 22,069   
  

 

 

    

 

 

 

Included in ME in rental service above are $11.2 million and $6.9 million, as of December 31, 2015 and 2014, respectively, of pumps obtained under various capital leases. Included in accumulated depreciation above are $2.4 million and $1.3 million, as of December 31, 2015 and 2014, respectively, associated with the same capital leases.

Depreciation expense for the years ended December 31, 2015 and 2014 was $4.8 million and $3.3 million, respectively, which were recorded in cost of revenues – pump depreciation and loss on disposal.