Note
5: Property and Equipment, Net
Property
and Equipment, Net consists of the following at:
Schedule of Property and Equipment, Net
| ($ in thousands) | |
June 30, 2026 | | |
June 30, 2025 | |
| Property and Equipment | |
| | | |
| | |
| Leasehold Improvements | |
$ | 1,313 | | |
$ | 908 | |
| Machinery and Equipment | |
| 31,184 | | |
| 30,624 | |
| Furniture and Fixtures | |
| 1,688 | | |
| 1,717 | |
| Capitalized Software | |
| 10,377 | | |
| 10,377 | |
| Equipment Under Finance Leases | |
| 12,488 | | |
| 12,488 | |
| Computer Equipment | |
| 1,756 | | |
| 1,757 | |
| Construction in Progress | |
| - | | |
| 43 | |
| Property and Equipment, Gross | |
| 58,806 | | |
| 57,914 | |
| Less: Accumulated Depreciation and Amortization | |
| (48,242 | ) | |
| (46,623 | ) |
| Total Property and Equipment, Net | |
$ | 10,564 | | |
$ | 11,291 | |
Depreciation
Expense for the years ended June 30, 2026, and 2025 was $1.8 million in both years.
|