Property, Plant, and Equipment

6 Months Ended

Dec. 31, 2021

Property, Plant, and Equipment

Property, Plant, and Equipment

NOTE 6 – Property, Plant, and Equipment

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

	December 31, 2021		June 30, 2021		Useful Life in Years
Land	$	904	$	904	N/A
Buildings		8,911		8,911	30 to 40
Molds and dies		7,476		7,416	3 to 5
Furniture and fixtures		2,854		2,813	5 to 10
Machinery and equipment		26,186		25,548	7 to 10
Building improvements		2,441		2,409	Shorter of the lease term or life of asset
		48,772		48,001
Less: accumulated depreciation and amortization		(40,855)		(40,165)
	$	7,917	$	7,836

Depreciation and amortization expense on property, plant, and equipment was approximately $348,000 and $319,000 for the three months ended December 31, 2021 and 2020, respectively. Depreciation and amortization expense on property, plant and equipment was approximately $690,000 and $637,000 for the six months ended December 31, 2021 and 2020, respectively.