| Property And Equipment |
7. Property and Equipment Property and equipment are summarized as follows: | | Estimated Lives (Years) | | | March 31, 2025 | | | June 30, 2024 | | Manufacturing equipment | | 5 - 10 | | | $ | 23,615,600 | | | $ | 22,582,429 | | Computer equipment and software | | 3 - 5 | | | | 1,405,925 | | | | 970,494 | | Furniture and fixtures | | | 5 | | | | 381,924 | | | | 349,932 | | Leasehold improvements | | 5 - 10 | | | | 9,271,694 | | | | 8,964,714 | | Construction in progress | | | | | | | 780,783 | | | | 646,217 | | Total property and equipment | | | | | | | 35,455,926 | | | | 33,513,786 | | Less accumulated depreciation and amortization | | | | | | | (19,994,325 | ) | | | (18,303,174 | ) | Total property and equipment, net | | | | | | $ | 15,461,601 | | | $ | 15,210,612 | |
Depreciation expense was $1.9 million and $1.8 million the nine-month periods ended March 31, 2025 and 2024, respectively.
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