Note 4 - Property and Equipment, net

3 Months Ended

Sep. 30, 2012

Property, Plant and Equipment Disclosure [Text Block]

Note 4. Property and Equipment, net

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

	September 30, 2012			June 30, 2012

Land and building	$	1,250		$	1,250
Leasehold improvements		1,132			1,132
Machinery and equipment		4,837			5,017
Transportation equipment		59			59
		7,278			7,458
Less: Accumulated depreciation and amortization		(5,919	)		(6,009	)
Total	$	1,359		$	1,449

Depreciation and amortization expense was $73 and $86 for the three months ended September 30, 2012 and 2011, respectively. In the three months ended September 30, 2012, the Company disposed of property and equipment with an original cost of $188 for net proceeds of $18. For the three months ended September 30, 2011, the Company disposed of fully depreciated property and equipment with an original cost of $2 for net proceeds of $2.

- 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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