Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net (Tables)

v3.24.3
Property and Equipment, Net (Tables)
 3 Months Ended
Sep. 30, 2024
Property and Equipment, Net [Abstract]  
Schedule of Property and Equipment, Net Property and equipment, net consisted of the following as of September 30, 2024 and June 30, 2024 (in thousands):
    Estimated
Useful Life		   September 30,
2024		     June 30,
2024		  
Land  
n/a
   $ 740     $ 740  
Building and leasehold improvements  
*
     5,718       5,718  
Equipment   2-10 years     7,096       7,090  
Computer Equipment & Software   3-5 years     2       2  
Total         13,556       13,550  
Less: Accumulated Depreciation         (1,184 )     (645 )
Total       $ 12,372     $ 12,905  
(*) Leasehold improvements are amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever is shorter.  Buildings are amortized on a straight-line basis between 11 and 39 years.