Property and Equipment, net
|3 Months Ended|
Sep. 30, 2020
|Property, Plant and Equipment [Abstract]|
|Property and Equipment, net||
Note 5. Property and Equipment, net
Property and equipment, net consisted of the following as of September 30, 2020 and June 30, 2020 (in thousands):
The Company recorded depreciation expense of $1.0 million and $0.7 million for the three months ended September 30, 2020 and 2019, respectively.
As of September 30, 2020, equipment with a net book value totaling $4.3 million had not been placed in service and therefore was not depreciated during the period. As of June 30, 2020, fixed assets with a net book value totaling $5.6 million had not been placed in service and therefore was not depreciated during the period.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef