Quarterly report pursuant to Section 13 or 15(d)

Plant, Property and Equipment

v3.7.0.1
Plant, Property and Equipment
 9 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Plant, Property and Equipment
PLANT, PROPERTY AND EQUIPMENT
Plant, property and equipment consists of the following at March 31, 2017 and June 30, 2016:
in thousands
 
 
 
 
 
 
 
March 31, 2017
 
June 30, 2016
 
Office furniture, and fixtures
 
$
1,824

 
$
1,107

 
Computer equipment
 
435

 
407

 
Computer software
 
2,386

 
2,386

 
Plant equipment
 
1,935

 
—

 
Building
 
315

 
—

 
Leasehold improvements
 
2,801

 
1,661

 
Total depreciable assets
 
9,696

 
5,561

 
Less: accumulated depreciation
 
(3,848
)
 
(3,043
)
 
Property and equipment not placed in service
 
862

 
964

 
Land
 
36

 
—

 
Plant, property and equipment, net
 
$
6,746

 
$
3,482

 

Depreciation expense for the three months ended March 31, 2017 and 2016 was $305,000 and $209,000, respectively. Depreciation expense for the nine months ended March 31, 2017 and 2016 was $805,000 and $624,000, respectively.