Property and Equipment

6 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Property and Equipment

(3) Property and Equipment

As of December 31, 2020 and June 30, 2020, property and equipment, net consisted of the following:

(In thousands)	December 31, 2020			June 30, 2020
Furniture, fixtures, equipment & leasehold improvements	$	1,943		$	2,522
Software		315			326
Capital improvements in progress		—			—
Gross property and equipment		2,258			2,848
Accumulated depreciation		(2,173	)		(2,512	)
Property held for disposal, net		—			(237	)
Property and equipment, net	$	85		$	99

Depreciation expense of property and equipment for the three months ended December 31, 2020 and December 31, 2019 were $15 thousand and $58 thousand, respectively. Depreciation expense of property and equipment for the six months ended December 31, 2020 and December 31, 2019 were $37 thousand and $117 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.