v3.25.1
Fixed Assets
9 Months Ended
Mar. 31, 2025
Fixed Assets  
Fixed Assets

10.   Fixed Assets

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

    

March 31, 

    

June 30, 

2025

2024

Building and improvements

$

695

$

695

Machinery and equipment

 

3,545

 

3,545

Office equipment and software

418

403

4,658

4,643

Accumulated depreciation

(1,374)

(1,011)

Net fixed assets

$

3,284

$

3,632

Depreciation expense reported in continuing operations was approximately $122,000 and $164,000 for the three months ended March 31, 2025 and 2024. Depreciation expense reported in continuing operations was approximately $363,000 and $492,000 for the nine months ended March 31, 2025 and 2024.