Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Jun. 30, 2012
PROPERTY, PLANT AND EQUIPMENT

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consist of:

 

    June 30,
2012
    June 30,
2011
 
Vehicles   $ 59,000     $ 47,000  
Machinery and equipment     59,000       46,000  
Office equipment     53,000       21,000  
Furniture and equipment     25,000       22,000  
Leasehold improvements     1,000       1,000  
      197,000       137,000  
                 
Less: Accumulated depreciation     (62,000 )     (32,000 )
                 
Property, plant and equipment, net   $ 135,000     $ 105,000  

 

Depreciation expense was approximately $30,000 and $22,000, for fiscal 2012 and 2011, respectively.