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Property and Equipment

3 Months Ended

Sep. 30, 2021

Property and Equipment

Property and Equipment

6. Property and Equipment

Properties and equipment 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.

Property and equipment consist of the following:

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​	​	​	​	​	​	​
​	​	​	​	​	​	​
​		September 30,		​	June 30,
​	​	2021		​	2021
​	​	(In thousands)
Manufacturing equipment	​	$	3,070		$	3,070
Leasehold improvements			972	​		959
Office equipment, furniture and other			1,087	​		1,093
Lab equipment			832	​		832
Assets under construction			131	​		198
Less accumulated depreciation and amortization	​	​	(1,426)	​	​	(1,012)
Property and equipment, net		$	4,666	​	$	5,140

​

​

Depreciation and amortization expense was $0.4 million and $33,000 for the three months ended September 30, 2021 and 2020, respectively. During the three months ended September 30, 2020, the Company recognized a loss of $0.1 million, respectively, on sale of equipment due to termination of leases.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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