Quarterly report [Sections 13 or 15(d)]

Fixed Assets

v3.25.3
Fixed Assets
3 Months Ended
Sep. 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):

    

September 30, 

    

June 30, 

2025

2025

Building and improvements

$

695

$

695

Machinery and equipment

 

3,577

 

3,545

Office equipment and software

418

418

Construction in progress

 

138

 

4,828

4,658

Accumulated depreciation

(1,618)

(1,495)

Net fixed assets

$

3,210

$

3,163

Depreciation expense reported in continuing operations was approximately $123,000 and $120,000 for the three months ended September 30, 2025 and 2024, respectively.