Note 5 - Property and Equipment

3 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

5. Property and Equipment

Property and equipment consisted of the following at September 30, 2022 and June 30, 2022 (in thousands):

	September 30,			June 30,
	2022			2022
Land	$	366		$	366
Equipment		4,552			4,438
Leasehold improvements		4,143			4,143
Other1		499			525
Property and equipment		9,560			9,472
Less accumulated depreciation		(7,561	)		(7,496	)
Property and equipment, net	$	1,999		$	1,976

¹ Plant and equipment, not placed in service are items that meet the capitalization threshold or which management believes will meet the threshold at the time of completion and which have yet to be placed into service as of the date of the balance sheet, and therefore, no depreciation expense has been recognized. Also included at September 30, 2022 and June 30, 2022 are costs associated with advance planning and design work on the Company’s new production facility of approximately $207,000. The advance planning and design work was primarily incurred in fiscal year 2017. The new production facility is currently on hold as the Company has sufficient production capacity to meet future demands and while the Company focuses its resources on revenue growth. It is anticipated that the Company will continue work on the new production facility in the next three to five years.