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, 2023

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,
	2023			2022
Building	$	202		$	199
Leasehold improvements		1,167			464
Equipment and computers		14,107			8,566
Furniture and fixtures		506			475
Construction in progress		346			2,957
Total		16,328			12,661
Accumulated depreciation and amortization		(10,115	)		(8,538	)
Property, plant, and equipment, net before land		6,213			4,123
Land		158			155
Property, plant, and equipment, net	$	6,371		$	4,278

Depreciation and amortization expense related to property, plant, and equipment totaled $1.4 million and $1.6 million for the three and six months ended June 30, 2023, respectively, and $0.1 million and $0.3 million for the three and six months ended June 30, 2022, respectively.

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. If the December 31, 2022 balance sheet was conformed to current period presentation, in addition to recording the cumulative adjustment to retained earnings, the adjustment would have decreased inventory by $1.7 million and increased property, plant and equipment, net by $0.9 million.