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.