Annual report pursuant to Section 13 and 15(d)

Plant, Property and Equipment

v3.10.0.1
Plant, Property and Equipment
 12 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Plant, Property and Equipment
PLANT, PROPERTY AND EQUIPMENT
Plant, property and equipment consists of the following at June 30, 2018 and June 30, 2017:
in thousands
 
 
 
 
 
 
 
June 30, 2018
 
June 30, 2017
 
Office furniture, and fixtures
 
$
2,056

 
$
1,638

 
Computer equipment
 
757

 
462

 
Computer software
 
3,471

 
2,386

 
Plant equipment
 
2,701

 
1,979

 
Building
 
315

 
315

 
Leasehold improvements
 
2,796

 
2,571

 
Total depreciable assets
 
12,096

 
9,351

 
Less: accumulated depreciation
 
(5,597
)
 
(3,885
)
 
Property and equipment not placed in service
 
1,483

 
1,105

 
Land
 
36

 
36

 
Plant, property and equipment, net
 
$
8,018

 
$
6,607

 

Depreciation expense for the years ended June 30, 2018 and 2017 was $1,712,000 and $1,099,000, respectively.
Pursuant to the Company's acquisition of Goldline (see Note 1) the Company recorded approximately $1.8 million of additional property and equipment, which represents the approximate fair value of these assets.