Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.22.2.2
Property and Equipment, Net
3 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

4 Property and equipment, net

 

 

 

$
(thousands)

 

Balance, June 30, 2022

 

 

90

 

Additions

 

 

679

 

Less depreciation

 

 

(15

)

Balance, September 30, 2022

 

 

754

 

At September 30, 2022, the total capitalized cost of property and equipment was $859 (June 30, 2022 - $180), of which $679 is not in use. The Company has recognized $15 in depreciation expense in each of the periods ended September 30, 2022 and 2021 on equipment in use of $180.