| Property and Equipment, net |
6. Property and Equipment, net Property and equipment consist of the following: | | Estimated Lives (Years) | | | June 30, 2025 | | | June 30, 2024 | | Manufacturing equipment | | 5 - 10 | | | $ | 24,257,063 | | | $ | 22,582,429 | | Computer equipment and software | | 3 - 5 | | | | 1,449,494 | | | | 970,494 | | Furniture and fixtures | | | 5 | | | | 398,800 | | | | 349,932 | | Leasehold improvements | | 5 - 10 | | | | 9,411,482 | | | | 8,964,714 | | Construction in progress | | | | | | | 1,536,968 | | | | 646,217 | | Total property and equipment | | | | | | | 37,053,807 | | | | 33,513,786 | | Less accumulated depreciation and amortization | | | | | | | (21,189,746 | ) | | | (18,303,174 | ) | Total property and equipment, net | | | | | | $ | 15,864,061 | | | $ | 15,210,612 | |
Depreciation and amortization expense related to property and equipment was $2.7 million and $2.4 million for the fiscal years ended June 30, 2025 and 2024, respectively.
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