Note 4 - Property and Equipment

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(4) Property and Equipment

As of March 31, 2022 and June 30, 2021, property and equipment, net consisted of the following:

(In thousands)	March 31, 2022			June 30, 2021
Furniture, fixtures, equipment & leasehold improvements	$	1,302		$	535
Software		264			315
Capital improvements in progress		86			187
Gross property and equipment		1,652			1,037
Accumulated depreciation and amortization		(735	)		(774	)
Property and equipment, net	$	917		$	263

Depreciation and amortization expense of property and equipment for the three months ended March 31, 2022 and 2021 was $53 thousand and $12 thousand, respectively. Depreciation and amortization expense of property and equipment for the nine months ended March 31, 2022 and 2021 was $104 thousand and $48 thousand, respectively.

On August 3, 2020, the Company terminated its corporate office lease in Austin, Texas and wrote-off the remaining net book value of the related leasehold improvement assets in the amount of $229 thousand.