Property, Plant, and Equipment

3 Months Ended

Sep. 30, 2020

Property, Plant, and Equipment

Property, Plant, and Equipment

NOTE 5 – Property, Plant, and Equipment

Property, plant and equipment consist of the following (in thousands):

		September 30, 2020		June 30, 2020	Useful Life in Years
Land	$	904	$	904	—
Buildings		8,911		8,911	30 to 40
Molds and dies		7,340		7,337	3 to 5
Furniture and fixtures		2,792		2,792	5 to 10
Machinery and equipment		25,018		24,878	7 to 10
Building improvements		2,173		2,173	Shorter of the lease term or life of asset
		47,138		46,995
Less: accumulated depreciation and amortization		(39,224)		(38,907)
	$	7,914	$	8,088

Depreciation and amortization expense on property, plant, and equipment was approximately $317,000 and $295,000 for the three months ended September 30, 2020 and 2019, respectively.