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PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Jun. 30, 2023
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:

SCHEDULE OF PROPERTY PLANT AND EQUIPMENT NET

 

           
  

June 30,

2023

  

June 30,

2022

 
Vehicles  $-   $20,000 
Machinery and equipment   1,169,000    808,000 
Office equipment   2,153,000    1,574,000 
Furniture and Equipment   273,000    256,000 
Leasehold improvements   81,000    56,000 
CIP   43,000    - 
Property, plant and equipment, gross   3,719,000    2,714,000 
Less: Accumulated depreciation   (1,930,000)   (1,136,000)
Total property, plant and equipment, net  $1,789,000   $1,578,000 

 

 

Depreciation expense was approximately $899,000 and $575,000, for the fiscal years ended June 30, 2023 and 2022, respectively, and is included in selling and administrative expenses in the accompanying consolidated statements of operations.