General form for registration of securities under the Securities Act of 1933

PROPERTY, PLANT AND EQUIPMENT, NET

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PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Jun. 30, 2025
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,  
    2025     2024  
Machinery and equipment   $ 1,534,000     $ 1,352,000  
Office equipment     3,261,000       2,690,000  
Furniture and equipment     274,000       274,000  
Leasehold improvements     150,000       148,000  
CIP     4,000       106,000  
Property, plant and equipment, gross     5,223,000       4,570,000  
Less: accumulated depreciation     (3,669,000 )     (2,821,000 )
Total property, plant and equipment, net   $ 1,554,000     $ 1,749,000  

 

 

Depreciation expense on property, plant and equipment was approximately $848,000 and $1,045,000 for the fiscal years ended June 30, 2025 and 2024, respectively, and is included in selling and administrative expenses in the accompanying consolidated statements of operations.