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Property and Equipment, net
12 Months Ended
Jun. 30, 2025
Property and Equipment, net  
Property and Equipment, net

6. Property and Equipment, net

 

Property and equipment consist of the following:

 

 

 

Estimated Lives

(Years)

 

 

June 30,

2025

 

 

June 30,

2024

 

Manufacturing equipment

 

5 - 10

 

 

$24,257,063

 

 

$22,582,429

 

Computer equipment and software

 

3 - 5

 

 

 

1,449,494

 

 

 

970,494

 

Furniture and fixtures

 

 

5

 

 

 

398,800

 

 

 

349,932

 

Leasehold improvements

 

5 - 10

 

 

 

9,411,482

 

 

 

8,964,714

 

Construction in progress

 

 

 

 

 

 

1,536,968

 

 

 

646,217

 

Total property and equipment

 

 

 

 

 

 

37,053,807

 

 

 

33,513,786

 

Less accumulated depreciation and amortization

 

 

 

 

 

 

(21,189,746)

 

 

(18,303,174)

Total property and equipment, net

 

 

 

 

 

$15,864,061

 

 

$15,210,612

 

 

Depreciation and amortization expense related to property and equipment was $2.7 million and $2.4 million for the fiscal years ended June 30, 2025 and 2024, respectively.