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Fixed Assets
 3 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Fixed Assets

Fixed assets are recorded at cost and, once placed in service, are depreciated on a straight-line basis over the estimated useful lives. Leasehold improvements are amortized over the shorter of the estimated economic life or related lease term. Fixed assets consist of the following:

 

     

As of 

 

As of 

  

Estimated

 

September 30, 

 

June 30, 

  

Useful Lives in years 

 

2020 

 

2020 

Manufacturing equipment     2 - 5    $112,000   $112,000 
Leasehold improvements   3    111,000    229,000 
Office equipment, furniture and other     2 - 5     281,000    312,000 
Lab equipment     3 - 5     90,000    90,000 
Less accumulated depreciation and amortization        (488,000)   (484,000)
   Fixed assets, net       $106,000   $259,000 

 

   During the quarter ended September 30, 2020, we recognized a loss of $112,000 on sale of equipment due to termination of leases.

 

Depreciation and amortization expense totaled $33,000 and $16,000 for the three-months ended September 30, 2020 and 2019, respectively.