Fixed Assets

6 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

7. Fixed Assets

The Company’s fixed assets consist of its leased real estate assets, medical equipment held for rental, furniture and fixtures, and leasehold improvements used in its operations. The following tables detail the Company’s fixed assets:

(in thousands)	December 31, 2020			June 30, 2020
Real Estate Assets
Buildings	$	43,355		$	43,355
Land and site improvements		9,170			9,170
Tenant improvements		3,500			3,500
		56,025			56,025
Accumulated depreciation		(3,449	)		(2,837	)
Net carrying amount	$	52,576		$	53,188

Property and Equipment
Leasehold improvements	$	858		$	858
Vehicles		232			237
Computer equipment and software		356			277
Furniture and fixtures		394			417
Sleep study equipment		589			589
		2,429			2,378
Accumulated depreciation		(1,297	)		(968	)
Net carrying amount	$	1,132		$	1,410

Medical Equipment Held for Rental
Medical equipment held for rental	$	14,054		$	13,828
Accumulated depreciation		(7,034	)		(6,345	)
Net carrying amount	$	7,020		$	7,483

The following table reconciles depreciation expense included in the following lines of the condensed consolidated statements of operations to total depreciation expense for each period presented.

	For the three months ended December 31,				For the six months ended December 31,
(in thousands)	2020		2019		2020		2019
Depreciation and amortization	$	474	$	527	$	944	$	955
Cost of durable medical equipment rentals		1,457		1,962		3,205		4,013
Total depreciation expense	$	1,931	$	2,489	$	4,149	$	4,968