Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, Net

v3.21.2
Property, Plant and Equipment, Net
 12 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT, NET

 

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

 

   

June 30,

2021

    

June 30,

2020

  
Vehicles   $ 20,000     $ 20,000  
Machinery and equipment     593,000       323,000  
Office equipment     1,027,000       290,000  
Furniture and Equipment     220,000       154,000  
Leasehold improvements     56,000       54,000  
      1,916,000       841,000  
Less: Accumulated depreciation     (560,000 )     (313,000 )
Total property, plant and equipment, net   $ 1,356,000     $ 528,000  

 

Depreciation expense was approximately $274,000 and $141,000, for the years ended June 30, 2021 and 2020, respectively, and is included in selling and administrative expenses in the accompanying consolidated statements of operations.