Property and Equipment net

12 Months Ended

Jun. 30, 2022

Property and Equipment net

Property and Equipment, net

5. Property and Equipment, net

Property and equipment consist of the following:

	Estimated Lives (Years)	June 30, 2022			June 30, 2021
Manufacturing equipment	5 - 10	$	22,058,636		$	21,465,402
Computer equipment and software	3 - 5		978,348			918,679
Furniture and fixtures	5		352,060			362,944
Leasehold improvements	5 - 7		3,043,867			2,944,543
Construction in progress			943,793			1,529,452
Total property and equipment			27,376,704			27,221,020
Less accumulated depreciation and amortization			(15,736,241	)		(13,941,153	)
Total property and equipment, net		$	11,640,463		$	13,279,867

During fiscal 2015, the Company extended the term of its Orlando lease and received a tenant improvement allowance from the landlord of $420,014.  During fiscal 2019, the Company received a tenant improvement allowance from the landlord related to the new portion of the Orlando facility in the amount of $309,450. These allowances were used to construct improvements and were initially recorded as leasehold improvements and deferred rent liability.  The balances are being amortized over the corresponding lease terms, and are included in leasehold improvements and operating lease liabilities as of June 30, 2022 and 2021.