Property and Equipment, Net

12 Months Ended

Jun. 30, 2022

Property Plant And Equipment [Abstract]

5.	Property and Equipment, Net

The table below summarizes the Company’s property and equipment, net as of the dates indicated.


	June 30,
In thousands	2022			2021

Laboratory equipment	$	6,422		$	5,822
Leasehold improvements		3,886			3,881
Office equipment and furniture		907			845
Equipment designated for future use		661			—

Property and equipment, gross		11,876			10,548
Accumulated depreciation and amortization		(7,162	)		(5,890	)

Property and equipment, net	$	4,714		$	4,658

All of the Company’s property and equipment is located in the United States. The Company recognized depreciation and amortization expense of $1.3 million during each of the years ended June 30, 2022 and 2021, including $0.5 million of amortization expense for leasehold improvements during each year.

Equipment designated for future use, which is not being depreciated or amortized, is primarily for use at the Company’s leased

build-to-suit

manufacturing and quality control facility in Alachua, Florida.

APPLIED GENETIC TECHNOLOGIES CORP 10-K