General form of registration statement for all companies including face-amount certificate companies

Property, Plant and Equipment, Net

v3.20.2
Property, Plant and Equipment, Net
 12 Months Ended
Jun. 30, 2019
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment, Net

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net consist of the following:

 

    June 30, 2019     June 30, 2018  
Vehicles   $ 20,000     $ 1,000  
Machinery and equipment     246,000       112,000  
Office equipment     233,000       162,000  
Furniture and Equipment     116,000       39,000  
Leasehold improvements     -       34,000  
      615,000       348,000  
Less: Accumulated depreciation     (269,000 )     (261,000 )
Property, plant and equipment, net   $ 346,000     $ 87,000  

 

Depreciation expense was approximately $81,000 and $57,000, for the years ended June 30, 2019 and 2018, respectively, and is included in selling and administrative expenses in the accompanying consolidated statements of operations.