PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2014

PROPERTY, PLANT AND EQUIPMENT [Abstract]

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

At June 30, 2014 and 2013, property, plant and equipment consisted of the following (in thousands):

		June 30,
	Useful Life	2014		2013
Furniture and fixtures	3 to 5 years	$	192	$	192
Plant and equipment	3 to 17 years		6,153		5,422
Manufacturing	15 years		252		220
Computers and software	3 to 5 years		1,657		1,583
Leasehold improvements	3 to 15 years		897		897
Land			19		19
Construction-in-progress			7		376
			9,177		8,709
Less: accumulated depreciation			5,319		4,269

Net property, plant and equipment		$	3,858	$	4,440

Total depreciation expense in the fiscal years ended June 30, 2014, 2013 and 2012 is $1.1 million in each of the respective periods. Depreciation expense included in cost of revenues in the fiscal years ended 2014, 2013 and 2012 was $643 thousand, $666 thousand and $664 thousand, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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