Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

v2.4.0.8
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.