v3.22.2.2
PROPERTY, PLANT AND EQUIPMENT (Tables)
12 Months Ended
Jun. 30, 2022
PROPERTY, PLANT AND EQUIPMENT  
Schedule of property, plant and equipment

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

June 30, 

June 30, 

    

2022

    

2021

Production equipment

$

307

$

307

Leasehold improvements

 

213

 

202

Furniture and fixtures

 

45

 

45

Computer equipment

 

47

 

44

Other equipment

 

120

 

114

 

732

 

712

Accumulated depreciation

 

(710)

 

(691)

Net property plant and equipment

$

22

$

21

Schedule of estimated useful lives of the assets

NOTE 4 — PROPERTY, PLANT AND EQUIPMENT (continued)

Depreciation of property, plant and equipment is calculated using the straight-line method over their estimated useful lives as follows:

    

Useful Lives

Leasehold improvements

 

5 years or remaining lease term

Furniture and fixtures

 

5 years

Production equipment

 

37 years

Computer equipment

 

3 years

Other equipment

 

37 years