Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 96

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 96
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          16,674

          $
          16,950

          $
          15,045

 F-18

Property and equipment and rental equipment with associated accumulated depreciation is summarized below as of December 31, 2024 and 2023, respectively.  

          December 31,

          Property and equipment
           
          2024

          2023

          Rental equipment, net of allowances of $3,744 and $2,606, respectively
           
          $
          64,012

          $
          67,804

          Other property and equipment

          25,123

          30,357

          Property and equipment

          89,135

          98,161

          Accumulated depreciation

          Rental equipment

          32,294

          31,023

          Other property and equipment

          12,441

          16,822

          Accumulated depreciation

          44,735

          47,845

          Property and equipment, net

          Rental equipment, net of allowances of $3,744 and $2,606, respectively

          31,718

          36,781

          Other property and equipment

          12,682

          13,535

          Property and equipment, net
           
          $
          44,400

          $
          50,316

        Long-lived assets The Company accounts for the impairment and disposition of long-lived assets in accordance with ASC 360 — Property, Plant, and Equipment. Long-lived assets are reviewed for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. No impairments were recorded for the years ended December 31, 2024 and 2023.On December 19, 2022, the Company determined to dispose of the technology intangible assets previously acquired from New Aera related to the Tidal Assist Ventilator (TAV) technology by ceasing development of such assets and abandoning the TAV program (the Disposal Determination). Prior to December 19, 2022, the TAV intangible asset was held and used, including ongoing research and development and no significant revenue. The Company made the Disposal Determination based on the Company’s assessment that continued development of the assets would not be economically feasible. The assessment considered many factors, including 1) the lack of compatibility and functionality of the technology intangible asset within the Company’s existing