Note 5 - Property and Equipment

9 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 5 - Property and Equipment

Properties and equipment are recorded at cost and depreciated on a straight-line basis over the assets’ estimated economic life. Leasehold improvements are amortized over the shorter of the estimated economic life or remaining lease term.

Property and equipment, net, consist of the following:

	March 31,			June 30,
	2024			2023
	(in thousands)
Manufacturing equipment	$	1,191		$	2,433
Office equipment, furniture and other		1,018			1,125
Leasehold improvements		887			999
Lab equipment		742			832
Assets under construction		—			107
Property and equipment, gross		3,838			5,496
Less: accumulated depreciation and amortization		(2,871	)		(3,681	)
Property and equipment, net	$	967		$	1,815

Depreciation and amortization expense from property and equipment was $0.2 million and $0.3 million for the three months ended March 31, 2024, and 2023, respectively, and $0.8 million and $1.0 million for the nine months ended March 31, 2024, and 2023, respectively.