Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
6 Months Ended
Dec. 31, 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):

    

December 31, 

    

June 30, 

2024

2024

Building and improvements

$

695

$

695

Machinery and equipment

 

3,545

 

3,545

Office equipment and software

403

403

Construction in progress

 

1

 

4,644

4,643

Accumulated depreciation

(1,253)

(1,011)

Net fixed assets

$

3,391

$

3,632

Depreciation expense reported in continuing operations was approximately $122,000 and $164,000 for the three months ended December 31, 2024 and 2023. Depreciation expense reported in continuing operations was approximately $242,000 and $329,000 for the six months ended December 31, 2024 and 2023.