v3.26.1
Note 5 - Property and Equipment
9 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 5 - Property and Equipment

 

Property and equipment are recorded at cost and depreciated on a straight-line basis over the assets’ estimated economic life. Leasehold improvements are amortized over the shorter of the estimated economic life or remaining lease term. Depreciation and amortization expense from property and equipment was less than $0.1 million for both the three months ended March 31, 2026, and 2025, and $0.1 million and $0.2 million for the nine months ended March 31, 2026, and 2025, respectively.

 

Property and equipment, net, consist of the following:

 

  

March 31,

  

June 30,

 
  

2026

  

2025

 
  

(in thousands)

 

Manufacturing and lab equipment

 $783  $808 

Office equipment, furniture and other

  262   274 

Leasehold improvements

  164   164 

Property and equipment, gross

  1,209   1,246 

Less: accumulated depreciation and amortization

  (802)  (714)

Property and equipment, net

 $407  $532