BIOLASE, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

Property, Plant, and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

NOTE 6—PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment, net is comprised of the following (in thousands):


	June 30,			December 31,
	2024			2023
Building	$	199		$	205
Leasehold improvements		1,251			1,251
Equipment and computers		14,467			14,628
Furniture and fixtures		519			519
Construction in progress		—			92
Total property, plant, and equipment before depreciation and land		16,436			16,695
Less: Accumulated depreciation		(12,328	)		(11,330	)
Total property, plant, and equipment, net before land		4,108			5,365
Land		155			160
Property, plant, and equipment, net	$	4,263		$	5,525

Depreciation expense related to property, plant, and equipment totaled $0.7 million and $1.3 million for the three and six months ended June 30, 2024 and $1.4 million and $1.6 million for the three and six months ended June 30, 2023.

During the three months ended June 30, 2023, the Company revised its accounting for laser equipment transferred as part of its marketing efforts to potential customers and other sales representatives without any payment. As a result, a cumulative adjustment of $0.8 million was recorded to depreciation expense in the three and six months ended June 30, 2023.