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PROPERTY AND EQUIPMENT
9 Months Ended
Mar. 31, 2023
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

(Dollars in thousands)

 

March 31,

2023

 

 

June 30,

2022

 

Computer equipment

 

$228

 

 

$-

 

Furniture and fixtures

 

 

25

 

 

 

--

 

 

 

 

253

 

 

 

-

 

Less: accumulated depreciation

 

 

(202 )

 

 

-

 

Property and equipment, net

 

$51

 

 

$-

 

 

Depreciation expense for the periods ended March 31, 2023 was $31 and is included within general and administrative expense within the consolidated statements of operations and comprehensive loss. There are no assets held under capital leases.