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Property and Equipment
 6 Months Ended
Dec. 31, 2024
Property and Equipment  
Property And Equipment

6. Property and Equipment

 

Property and equipment are summarized as follows:

 

 

 

Estimated Lives (Years)

 

 

December 31, 2024

 

 

June 30, 2024

 

Manufacturing equipment

 

5 - 10

 

 

$22,342,184

 

 

$22,582,429

 

Computer equipment and software

 

3 - 5

 

 

 

968,708

 

 

 

970,494

 

Furniture and fixtures

 

5

 

 

 

347,911

 

 

 

349,932

 

Leasehold improvements

 

5 - 10

 

 

 

8,948,365

 

 

 

8,964,714

 

Construction in progress

 

 

 

 

 

 

626,363

 

 

 

646,217

 

Total property and equipment

 

 

 

 

 

 

33,233,531

 

 

 

33,513,786

 

Less accumulated depreciation and amortization

 

 

 

 

 

 

(19,178,702)

 

 

(18,303,174)

Total property and equipment, net

 

 

 

 

 

$14,054,829

 

 

$15,210,612

 

 

 

Depreciation expense was $1.2 million for both the six months ended December 31, 2024 and 2023.