Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 95

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 95
---
          Raw materials and work-in-progress
           
          $
          19,224

          $
          18,036

          Finished goods

          7,633

          6,871

          Less: reserves

          (2,045
          )

          (3,067
          )

          Inventories, net
           
          $
          24,812

          $
          21,840

        Property and equipment Property and equipment are stated at cost. Depreciation and amortization are calculated using the straight-line method over the assets’ estimated useful lives as follows:  

          Rental equipment
           
          1.5-8 years

          Manufacturing equipment and tooling
           
          3-5 years

          Computer equipment and software
           
          2-3 years

          Furniture and equipment
           
          5 years

          Leasehold improvements
           
          Lesser of estimated useful life or remaining lease term
         
        Expenditures for additions, improvements and replacements are capitalized and depreciated to a salvage value of $0. Repair and maintenance costs on rental equipment are included in cost of rental revenue on the consolidated statements of comprehensive loss. Repair and maintenance expense, which includes labor, parts and freight, for rental equipment was $6,413, $5,143 and $4,528 for the years ended December 31, 2024, 2023 and 2022, respectively. Included within property and equipment is construction in process, primarily related to the design and engineering of tooling, jigs and other machinery. In addition, this item also includes computer software or development costs that have been purchased but have not completed the final configuration process for implementation into the Company’s systems. These items have not been placed in service; therefore, no depreciation or amortization was recognized for these items in the respective periods.Depreciation and amortization expense related to rental equipment and other property and equipment are summarized below for the years ended December 31, 2024, 2023 and 2022, respectively.  

          Years ended December 31,

          2024

          2023

          2022

          Rental equipment
           
          $
          12,592

          $
          12,893

          $
          11,103

          Other property and equipment

          4,082

          4,057

          3,942

          Total depreciation and amortization
           
          $