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, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 4 - PROPERTY, PLANT AND EQUIPMENT
 
Property, plant and equipment, net consist of the following at June 30, 2015 and 2014:
 
 
 
2015
 
2014
 
Vehicles
 
$
1,000
 
$
48,000
 
Machinery and equipment
 
 
66,000
 
 
60,000
 
Office equipment
 
 
105,000
 
 
86,000
 
Furniture and Equipment
 
 
34,000
 
 
34,000
 
 
 
 
206,000
 
 
228,000
 
Less: Accumulated depreciation
 
 
(140,000)
 
 
(150,000)
 
Property, plant and equipment, net
 
$
66,000
 
$
78,000
 
 
Depreciation expense was approximately $32,000 and $55,000, for fiscal 2015 and 2014, respectively, and is included in selling and administrative expenses in the accompanying condensed consolidated statements of operations.