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PROPERTY AND EQUIPMENT, NET
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 4 – PROPERTY AND EQUIPMENT, NET

 

As of September 30, 2022 and December 31, 2021, property and equipment consist of the following (in thousands):

 

           
   September 30,   December 31, 
   2022   2021 
         
Furniture and equipment  $1,277   $1,394 
Leasehold improvements   2,479    2,387 
Construction in progress   806    212 
Molds   75    75 
Gross property and equipment   4,637    4,068 
Less accumulated depreciation   (1,593)   (1,243)
           
Net Property and equipment  $3,044   $2,825 

 

Leasehold improvements relate to the Vivos Institute (the Company’s 15,000 square foot facility where the Company provides advanced post-graduate education and certification to dentists, dental teams, and other healthcare professionals in a live and hands-on setting) and the two Company-owned dental centers in Colorado. Total depreciation and amortization expense was $0.2 million and $0.1 million for the three months ended September 30, 2022 and 2021, respectively, and $0.5 million and $0.3 million for the nine months ended September 30, 2022 and 2021, respectively.