Note 5 - Property and Equipment, net

6 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

Note 5. Property and Equipment, net

Property and equipment, net consists of the following as of:

	December 31, 2011			June 30, 2011

Land and building	$	1,250		$	1,250
Leasehold improvements		1,122			1,122
Machinery and equipment		4,697			4,696
Transportation equipment		68			68
		7,137			7,136
Less: Accumulated depreciation and amortization		(5,692	)		(5,538	)
Total	$	1,445		$	1,598

Depreciation and amortization expense was $80 and $77 for the three months ended December 31, 2011 and 2010, respectively and $160 and $152 for the six months ended December 31, 2011 and 2010, respectively. In the six months ended December 31, 2011 and 2010, the Company disposed of fully depreciated machinery and equipment in the amount of $6 and $137, respectively, for a gain of $5 and $30, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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