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Property and Equipment, net
 12 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Property and equipment consist of the following:

 

    Estimated     June 30,     June 30,  
    Lives (Years)     2021     2020  
Manufacturing equipment     5 - 10     $ 21,465,402     $ 18,444,448  
Computer equipment and software     3 - 5       918,679       801,625  
Furniture and fixtures     5       362,944       321,418  
Leasehold improvements     5 - 7       2,944,543       2,171,388  
Construction in progress             1,529,452       1,274,880  
Total property and equipment             27,221,020       23,013,759  
Less accumulated depreciation and amortization             (13,941,153 )     (11,214,698 )
Total property and equipment, net           $ 13,279,867     $ 11,799,061  
                         

 

 

During fiscal 2015, the Company extended the term of its Orlando lease and received a tenant improvement allowance from the landlord of $420,014. During fiscal 2019, the Company received a tenant improvement allowance from the landlord related to the new portion of the Orlando facility in the amount of $309,450. These allowances were used to construct improvements and were initially recorded as leasehold improvements and deferred rent liability. The balances are being amortized over the corresponding lease terms, and are included in leasehold improvements and operating lease liabilities as of June 30, 2021 and 2020.