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PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net consist of the following:

 

   2024   2023   2022 
   June 30, 
   2024   2023   2022 
Machinery and equipment  $1,352,000   $1,169,000   $808,000 
Office equipment   2,690,000    2,153,000    1,574,000 
Furniture and equipment   274,000    273,000    256,000 
Vehicles   -    -    20,000 
Leasehold improvements   148,000    81,000    56,000 
CIP   106,000    43,000    - 
Property, plant and equipment, gross   4,570,000    3,719,000    2,714,000 
Less: accumulated depreciation   (2,821,000)   (1,930,000)   (1,136,000)
Total property, plant and equipment, net  $1,749,000   $1,789,000   $1,578,000 

 

Depreciation expense was approximately $1,045,000, $899,000 and $575,000, for the fiscal years ended June 30, 2024, 2023 and 2022, respectively, and is included in selling and administrative expenses in the accompanying consolidated statements of operations.