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PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Dec. 31, 2022

PROPERTY AND EQUIPMENT

Schedule of property and equipment

Property and equipment consist of the following (in thousands):

​

​	​	​	​	​	​	​
​		December 31,			June 30,
​	​	2022		​	2022
Production equipment	​	$	307	​	$	307
Leasehold improvements	​		213	​		213
Furniture and fixtures	​		45	​		45
Computer equipment	​		51	​		47
Other equipment	​		120	​		120
​	​		736	​		732
Accumulated depreciation	​		(713)	​		(710)
Net property and equipment	​	$	23	​	$	22

​

Schedule of estimated useful lives of the assets

​

​	​	​
​		Useful Lives
Leasehold improvements		5 years or remaining lease term
Furniture and fixtures		5 years
Production equipment		3 – 7 years
Computer equipment		3 years
Other equipment		3 – 7 years

X

- Definition

Tabular disclosure of the useful life of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.

+ References

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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