Property, Plant, and Equipment

9 Months Ended

Mar. 31, 2022

Property, Plant, and Equipment

Property, Plant, and Equipment

NOTE 6 – Property, Plant, and Equipment

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

	March 31, 2022		June 30, 2021		Useful Life in Years
Land	$	904	$	904	N/A
Buildings		8,911		8,911	30 to 40
Molds and dies		7,478		7,416	3 to 5
Furniture and fixtures		2,936		2,813	5 to 10
Machinery and equipment		26,498		25,548	7 to 10
Building improvements		2,463		2,409	Shorter of the lease term or life of asset
		49,190		48,001
Less: accumulated depreciation and amortization		(41,193)		(40,165)
	$	7,997	$	7,836

Depreciation and amortization expense on property, plant, and equipment was approximately $338,000 and $302,000 for the three months ended March 31, 2022 and 2021, respectively. Depreciation and amortization expense on property, plant and equipment was approximately $1,028,000 and $939,000 for the nine months ended March 31, 2022 and 2021, respectively.