Annual report [Section 13 and 15(d), not S-K Item 405]

Fixed Assets

v3.25.2
Fixed Assets
12 Months Ended
Jun. 30, 2025
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):

    

June 30, 

    

June 30, 

2025

2024

Building and improvements

$

695

$

695

Machinery and equipment

 

3,545

 

3,545

Office equipment and software

418

403

4,658

4,643

Accumulated depreciation

(1,495)

(1,011)

Net fixed assets

$

3,163

$

3,632

Depreciation expense was approximately $484,000 and $638,000 for the years ended June 30, 2025 and 2024, respectively.