Assets Held for Sale

3 Months Ended

Sep. 30, 2022

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

Assets Held for Sale

5. Assets Held for Sale

During the period ended September 30, 2022, the Company had two asset groups classified as held for sale. The assets held for sale include certain real property related to Laetitia vineyards land and property, plant and equipment and assumption of a land lease related to the Tamarack Cellars production facility. These assets are being marketed for sale. The Company intends to complete the sales of the assets within twelve months.

The carrying amounts of assets held for sale consists of the following:

(in thousands)	September 30, 2022
Laetitia vineyards land held for sale	$	5,890
Tamarack Cellars property, plant and equipment held for sale		2,767
Less accumulated depreciation and amortization		(2,104	)
Total assets held for sale	$	6,553

The cash flows related to held for sale assets have not been segregated, and remain included in the major classes of assets.

There were no assets classified as held for sale for the year ended June 30, 2022.