Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, Net

v3.20.2
Property, Plant and Equipment, Net
 12 Months Ended
Jun. 30, 2020
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,

2020

    

June 30,

2019

  
Vehicles   $ 20,000     $ 20,000  
Machinery and equipment     323,000       246,000  
Office equipment     290,000       233,000  
Furniture and Equipment     154,000       116,000  
Leasehold improvements     54,000       -  
      841,000       615,000  
Less: Accumulated depreciation     (313,000 )     (269,000 )
Total property, plant and equipment, net   $ 528,000     $ 346,000  

 

Depreciation expense was approximately $141,000 and $81,000, for the years ended June 30, 2020 and 2019, respectively, and is included in selling and administrative expenses in the accompanying consolidated statements of operations.