Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Jun. 30, 2014
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 4 - PROPERTY, PLANT AND EQUIPMENT
 
Property, plant and equipment consist of:
 
 
 
June 30,
2014
 
June 30,
2013
 
Vehicles
 
$
48,000
 
$
59,000
 
Machinery and equipment
 
 
60,000
 
 
59,000
 
Office equipment
 
 
86,000
 
 
86,000
 
Furniture and Equipment
 
 
34,000
 
 
34,000
 
 
 
 
228,000
 
 
238,000
 
Less: Accumulated depreciation
 
 
(150,000)
 
 
(106,000)
 
Property, plant and equipment, net
 
$
78,000
 
$
132,000
 
 
Depreciation expense was approximately $55,000 and $44,000, for fiscal 2014 and 2013, respectively, and is included in selling and administrative expenses in the accompanying consolidated statements of operations.