Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
3 Months Ended
Sep. 30, 2024
Fixed Assets  
Fixed Assets

10.   Fixed Assets

The following table summarizes by category the gross carrying value and accumulated depreciation of fixed assets (in thousands):

    

September 30, 

    

June 30, 

2024

2024

Building and improvements

$

695

$

695

Machinery and equipment

 

3,545

 

3,545

Office equipment and software

403

403

4,643

4,643

Accumulated depreciation

(1,132)

(1,011)

Net fixed assets

$

3,511

$

3,632

Depreciation expense reported in continuing operations was approximately $120,000 and $165,000 for the three months ended September 30, 2024 and 2023.