Flux Power Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of:

	June 30, 2013		June 30, 2012
Vehicles	$	59,000	$	59,000
Machinery and equipment		59,000		59,000
Office equipment		86,000		53,000
Furniture and equipment		34,000		25,000
Leasehold improvements				1,000
		238,000		197,000
Less: Accumulated depreciation		(106,000)		(62,000)
Property, plant and equipment, net	$	132,000	$	135,000

Depreciation expense was approximately $44,000 and $30,000, for fiscal 2013 and 2012, respectively, and is included in selling and administrative expenses in the accompanying consolidated statements of operations.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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