Quarterly report pursuant to Section 13 or 15(d)

Plant, Property and Equipment

v3.6.0.2
Plant, Property and Equipment
 6 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Plant, Property and Equipment
PLANT, PROPERTY AND EQUIPMENT
Plant, property and equipment consists of the following at December 31, 2016 and June 30, 2016:
in thousands
 
 
 
 
 
 
 
December 31, 2016
 
June 30, 2016
 
Office furniture, and fixtures
 
$
1,378

 
$
1,107

 
Computer equipment
 
415

 
407

 
Computer software
 
2,386

 
2,386

 
Plant equipment
 
1,919

 
—

 
Building
 
306

 
—

 
Leasehold improvements
 
1,947

 
1,661

 
Total depreciable assets
 
8,351

 
5,561

 
Less: accumulated depreciation
 
(3,543
)
 
(3,043
)
 
Property and equipment not placed in service
 
1,219

 
964

 
Land
 
36

 
—

 
Plant, property and equipment, net
 
$
6,063

 
$
3,482

 

Depreciation expense for the three months ended December 31, 2016 and 2015 was $275,000 and $209,000, respectively. Depreciation expense for the six months ended December 31, 2016 and 2015 was $500,000 and $415,000, respectively.