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

PROPERTY, PLANT AND EQUIPMENT, NET

v3.26.1
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.