Quarterly report pursuant to Section 13 or 15(d)

Plant, Property and Equipment

v3.19.1
Plant, Property and Equipment
 9 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Plant, Property and Equipment
PLANT, PROPERTY AND EQUIPMENT
Plant, property and equipment consists of the following at March 31, 2019 and June 30, 2018:
in thousands
 
 
 
 
 
 
 
March 31, 2019
 
June 30, 2018
 
Office furniture, and fixtures
 
$
2,072

 
$
2,056

 
Computer equipment
 
762

 
757

 
Computer software
 
3,508

 
3,471

 
Plant equipment
 
2,862

 
2,701

 
Building
 
319

 
315

 
Leasehold improvements
 
2,804

 
2,796

 
Total depreciable assets
 
12,327

 
12,096

 
Less: accumulated depreciation
 
(6,932
)
 
(5,597
)
 
Property and equipment not placed in service
 
1,546

 
1,483

 
Land
 
36

 
36

 
Plant, property and equipment, net
 
$
6,977

 
$
8,018

 

Depreciation expense for the three months ended March 31, 2019 and 2018 was $442,000 and $431,000, respectively. Depreciation expense for the nine months ended March 31, 2019 and 2018 was $1,335,000 and $1,333,000, respectively.