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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | PROPERTY AND EQUIPMENT, NET 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.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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