PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 4 - PROPERTY AND EQUIPMENT, NET

As of June 30, 2024 and December 31, 2023, property and equipment consist of the following (in thousands):

	June 30, 2024			December 31, 2023
Furniture and equipment	$	1,322		$	1,321
Leasehold improvements		2,479			2,479
Construction in progress		1,527			1,435
Software		117			-
Molds		406			405
Gross property and equipment		5,851			5,640
Less accumulated depreciation		(2,592	)		(2,326	)
Net Property and equipment	$	3,259		$	3,314

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. Construction in progress relates to the development of software for internal use expected to be placed in service in 2024. Total depreciation and amortization expense was $0.1 million for the three months ended June 30, 2024 and 2023, and $0.3 million for the six months ended June 30, 2024 and 2023.