Property, Plant, and Equipment

6 Months Ended

Dec. 31, 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):

	December 31, 2020		June 30, 2020		Useful Life in Years
Land	$	904	$	904	—
Buildings		8,911		8,911	30 to 40
Molds and dies		7,352		7,337	3 to 5
Furniture and fixtures		2,792		2,792	5 to 10
Machinery and equipment		25,253		24,878	7 to 10
Building improvements		2,173		2,173	Shorter of the lease term or life of asset
		47,385		46,995
Less: accumulated depreciation and amortization		(39,543)		(38,907)
	$	7,842	$	8,088

Depreciation and amortization expense on property, plant, and equipment was approximately $319,000 and $311,000 for the three months ended December 31, 2020 and 2019, respectively. Depreciation and amortization expense on property, plant, and equipment was approximately $637,000 and $606,000 for the six months ended December 31, 2020 and 2019, respectively.