Property and Equipment

6 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Property and Equipment

(4) Property and Equipment

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

(In thousands)	December 31, 2021			June 30, 2021
Furniture, fixtures, equipment & leasehold improvements	$	1,289		$	535
Software		264			315
Capital improvements in progress		—			187
Gross property and equipment		1,553			1,037
Accumulated depreciation and amortization		(683	)		(774	)
Property and equipment, net	$	870		$	263

Depreciation and amortization expense of property and equipment for the three months ended December 31, 2021 and 2020 was $34 thousand and $15 thousand, respectively. Depreciation and amortization expense of property and equipment for the six months ended December 31, 2021 and 2020 was $51 thousand and $37 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.