Property, Plant, and Equipment

6 Months Ended

Dec. 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):

	December 31, 2023		June 30, 2023		Useful Life in Years
Land	$	904	$	904	N/A
Buildings		8,911		8,911	30 to 40
Molds and dies		7,530		7,517	3 to 5
Furniture and fixtures		3,500		3,387	5 to 10
Machinery and equipment		29,080		28,574	3 to 10
Building improvements		3,129		3,078	Shorter of the lease term or life of asset
		53,054		52,371
Less: accumulated depreciation and amortization		(43,983)		(43,063)
	$	9,071	$	9,308

Depreciation and amortization expense on property, plant, and equipment was approximately $467,000 and $379,000 for the three months ended December 31, 2023 and 2022, respectively. Depreciation and amortization expense on property, plant and equipment was approximately $920,000 and $747,000 for the six months ended December 31, 2023 and 2022, respectively.