Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.22.4
Property and Equipment, Net
6 Months Ended
Dec. 31, 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

 

 

(30

)

Balance, December 31, 2022

 

 

739

 

At December 31, 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 and $30 in depreciation expense, respectively, for each of the three and six months ended December 31, 2022, and 2021 on equipment in use.