PROPERTY AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:


		As of June 30, 2025
($ in thousands)	Useful Lives	Cost		Accumulated Depreciation		Net
Computer equipment and software	3-7 years	$	8,148	$	(7,434)	$	714
Internal-use software	3-5 years	44,669		(14,333)		30,336
Property and equipment used for rental program	5 years	34,522		(26,818)		7,704
Furniture and equipment	3-7 years	2,385		(2,014)		371
		$	89,724	$	(50,599)	$	39,125


		As of June 30, 2024
($ in thousands)	Useful Lives	Cost		Accumulated Depreciation		Net
Computer equipment and software	3-7 years	$	7,588	$	(6,994)	$	594
Internal-use software	3-5 years	34,666		(9,472)		25,194
Property and equipment used for rental program	5 years	32,513		(24,742)		7,771
Furniture and equipment	3-7 years	2,296		(1,826)		470
		$	77,063	$	(43,034)	$	34,029

The Company's total depreciation expense is comprised of depreciation included in our Cost of subscription and transaction fees for rental equipment and depreciation included in our operating expenses. Depreciation expense included within Cost of subscription and transaction fees for rental equipment was $1.9 million, $1.6 million, and $1.2 million for the years ended June 30, 2025, 2024, and 2023, respectively. Depreciation expense included within operating expenses for the years ended June 30, 2025, 2024, and 2023 was $10.1 million, $5.0 million and $2.6 million, respectively. During the year ended June 30, 2025, the Company recognized approximately $3.0 million in additional charges, due to certain capitalized internal use software that is no longer expected to provide future economic benefits as a result of changes in business strategy and evolving technology initiatives.

Internal-use software above included $8.4 million and $9.2 million in projects not yet placed in service as of June 30, 2025 and 2024, respectively.