v3.22.2.2

Fixed Assets

12 Months Ended

Jun. 30, 2022

Fixed Assets [Abstract]

Fixed Assets

11.    Fixed Assets

As discussed above, the Company adopted ASC 842. As such, assets formerly classified as “under capital lease” are now classified as finance lease ROU assets. See Note 8 – Finance Lease ROU’s above.

​

The following table summarizes by category the gross carrying value and accumulated depreciation of fixed assets (in thousands):

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​	​	​	​	​	​	​
​		June 30,			June 30,
​	​	2022		​	2021
Facility and improvements	​	$	21,589	​	$	1,517
Machinery and equipment	​		12,161	​		4,255
Office equipment and software	​		2,752	​		714
Construction in progress	​	​	3,659	​	​	3,367
​	​		40,161	​		9,853
Accumulated depreciation	​		(3,500)	​		(1,225)
Net fixed assets	​	$	36,661	​	$	8,628

​

Depreciation expense was approximately $2,275,000 and $472,000 for the years ended June 30, 2022 and 2021, respectively.

X

- 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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916

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-Name Accounting Standards Codification
-Topic 360
-URI https://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 https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
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