Property and Equipment

9 Months Ended

Mar. 31, 2021

Property Plant And Equipment [Abstract]

(3) Property and Equipment

As of March 31, 2021 and June 30, 2020, property and equipment, net consisted of the following:

(In thousands)	March 31, 2021			June 30, 2020
Furniture, fixtures, equipment & leasehold improvements	$	1,951		$	2,522
Software		315			326
Capital improvements in progress		—			—
Gross property and equipment		2,266			2,848
Accumulated depreciation		(2,184	)		(2,512	)
Property held for disposal, net		—			(237	)
Property and equipment, net	$	82		$	99

Depreciation expense of property and equipment for the three months ended March 31, 2021 and March 31, 2020 were $12 thousand and $48 thousand, respectively. Depreciation expense of property and equipment for the nine months ended March 31, 2021 and March 31, 2020 were $48 thousand and $189 thousand, respectively.

On August 3, 2020, the Company terminated its corporate office lease in Austin, Texas and wrote-off the remaining net book value of the related leasehold improvement assets in the amount of $229 thousand.