Note 5 - Property and Equipment, Net

12 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

(5) Property and Equipment, net

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

	June 30,
(In thousands)	2022			2021
Furniture, fixtures, equipment & leasehold improvements	$	1,371		$	535
Software		264			315
Capital improvements in progress		242			187
Gross property and equipment		1,877			1,037
Accumulated depreciation and amortization		(779	)		(774	)
Property and equipment, net	$	1,098		$	263

Depreciation and amortization expense of property and equipment was $148 thousand for the year ended June 30, 2022 and $55 thousand for the year ended  June 30, 2021.

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.