Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment (Tables)

v3.25.1
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment
The Company’s property and equipment balances consisted of the following as of:
December 31,
2024 2023
(in thousands)
Leasehold improvements $ 2,332  $ 2,933 
Furniture & fixtures 1,106  1,165 
Computer equipment & software 7,060  3,699 
Medical equipment 1,082  1,106 
Software (development in process) 343  3,877 
Vehicles 659  654 
Other —  33 
12,582  13,467 
Less: accumulated depreciation (6,848) (4,781)
Property and equipment, net $ 5,734  $ 8,686 
Long-Lived Assets Held-for-Sale
Assets Held for Sale
The Company classifies assets and related liabilities as held for sale when: (i) management has committed to a plan to sell the net assets, (ii) the net assets are available for immediate sale, (iii) there is an active program to locate a buyer, (iv) the sale and transfer of the net assets is probable within one year, (v) the net assets are being actively marketed for sale at price that is reasonable in relation to its current fair value, and (vi) it is unlikely that significant changes will be made to the plan to sell the net assets. Assets and liabilities held for sale are presented separately on our consolidated balance sheets at the lower of cost or fair value, less costs to sell. Depreciation and amortization expense for long-lived assets are not recorded while these assets are classified as held for sale. For each period that assets are classified as being held for sale, they are tested for recoverability.