Property, Plant, and Equipment

6 Months Ended

Dec. 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):

	December 31, 2022		June 30, 2022		Useful Life in Years
Land	$	904	$	904	N/A
Buildings		8,911		8,911	30 to 40
Molds and dies		7,502		7,480	3 to 5
Furniture and fixtures		3,137		3,030	5 to 10
Machinery and equipment		27,029		26,696	3 to 10
Building improvements		2,742		2,464	Shorter of the lease term or life of asset
		50,225		49,485
Less: accumulated depreciation and amortization		(42,241)		(41,546)
	$	7,984	$	7,939

Depreciation and amortization expense on property, plant, and equipment was approximately $379,000 and $348,000 for the three months ended December 31, 2022 and 2021, respectively. Depreciation and amortization expense on property, plant, and equipment was approximately $747,000 and $690,000 for the six months ended December 31, 2022 and 2021, respectively.