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Fixed Assets (Tables)
12 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Summary of Fixed Assets

The Company’s fixed assets consist of its medical equipment held for rental, furniture and fixtures, and leasehold improvements used in its operations. The following tables detail the Company’s fixed assets:

(in thousands)

 

June 30, 2022

 

 

June 30, 2021

 

Property and Equipment

 

 

 

 

 

 

Leasehold improvements

 

$

970

 

 

$

835

 

Vehicles

 

 

162

 

 

 

172

 

Computer equipment and software

 

 

642

 

 

 

500

 

Furniture and fixtures

 

 

590

 

 

 

422

 

Sleep study equipment

 

 

594

 

 

 

593

 

 

 

 

2,958

 

 

 

2,522

 

Accumulated depreciation

 

 

(2,420

)

 

 

(1,541

)

Net carrying amount

 

$

538

 

 

$

981

 

 

 

 

 

 

 

 

Medical Equipment Held for Rental

 

 

 

 

 

 

Medical equipment held for rental

 

$

16,593

 

 

$

14,933

 

Accumulated depreciation

 

 

(9,089

)

 

 

(7,542

)

Net carrying amount

 

$

7,504

 

 

$

7,391

 

Summary of Reconciles Depreciation Expense

The following table reconciles depreciation expense included in the following lines of the consolidated statements of operations to total depreciation expense for each period presented.

 

 

 

For the years ended June 30,

 

(in thousands)

 

 

2022

 

 

2021

 

Depreciation and amortization

 

 

$

563

 

 

$

693

 

Cost of durable medical equipment rentals

 

 

 

6,527

 

 

 

6,286

 

Total depreciation expense

 

 

$

7,090

 

 

$

6,979