Quarterly report pursuant to Section 13 or 15(d)

Plant, Property and Equipment

v3.19.3
Plant, Property and Equipment
 3 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Plant, Property and Equipment
PLANT, PROPERTY AND EQUIPMENT
Plant, property and equipment consists of the following at September 30, 2019 and June 30, 2019:
in thousands
 
 
 
 
 
 
 
September 30, 2019
 
June 30, 2019
 
Office furniture, and fixtures
 
$
2,080

 
$
2,080

 
Computer equipment
 
802

 
798

 
Computer software
 
4,215

 
4,111

 
Plant equipment
 
2,896

 
2,872

 
Building
 
319

 
319

 
Leasehold improvements
 
2,804

 
2,804

 
Total depreciable assets
 
13,116

 
12,984

 
Less: accumulated depreciation
 
(7,810
)
 
(7,395
)
 
Property and equipment not placed in service
 
1,106

 
1,106

 
Land
 
36

 
36

 
Plant, property and equipment, net
 
$
6,448

 
$
6,731

 

Depreciation expense for the three months ended September 30, 2019 and 2018 was $415,000 and $445,000, respectively.