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Property and Equipment
12 Months Ended
Jun. 30, 2021
Property and Equipment  
Property and Equipment

6. Property and Equipment

Property and equipment, net consist of the following:

    

June 30, 

2021

2020

(In thousands)

Manufacturing equipment

$

3,070

    

$

112

Leasehold improvements

 

 

959

 

229

Office equipment, furniture and other

 

 

1,093

 

312

Lab equipment

 

 

832

 

90

Assets under construction

 

 

198

 

Less accumulated depreciation and amortization

(1,012)

(484)

Property and equipment, net

 

$

5,140

$

259

Depreciation expense was $0.6 million and $0.1 million for the years ended June 30, 2021 and 2020, respectively. During the year ended June 30, 2021, the Company recognized a loss of $0.1 million on sale of equipment primarily due to termination of leases. There was no such loss during the year ended June 30, 2020.