Property, Plant, and Equipment

9 Months Ended

Mar. 31, 2023

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, 2023		June 30, 2022		Useful Life in Years
Land	$	904	$	904	N/A
Buildings		8,911		8,911	30 to 40
Molds and dies		7,507		7,480	3 to 5
Furniture and fixtures		3,350		3,030	5 to 10
Machinery and equipment		28,275		26,696	3 to 10
Building improvements		3,009		2,464	Shorter of the lease term or life of asset
		51,956		49,485
Less: accumulated depreciation and amortization		(42,621)		(41,546)
	$	9,335	$	7,939

Depreciation and amortization expense on property, plant, and equipment was approximately $380,000 and $338,000 for the three months ended March 31, 2023 and 2022, respectively. Depreciation and amortization expense on property, plant, and equipment was approximately $1,127,000 and $1,028,000 for the nine months ended March 31, 2023 and 2022, respectively.