Note 4 - Property and Equipment, Net

6 Months Ended

Dec. 31, 2014

Property, Plant and Equipment Disclosure [Text Block]

Note

. Property and Equipment, net

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

	December 31,			June 30,
	2014			2014

Land and building	$	1,250		$	1,250
Leasehold improvements		1,139			1,135
Machinery and equipment		5,341			5,096
Transportation equipment		63			63
		7,793			7,544
Less: Accumulated depreciation and amortization		(6,310	)		(6,305	)
Total	$	1,483		$	1,239

Depreciation and amortization expense recorded on property and equipment was $70 and $66 for the three months ended December 31, 2014 and 2013, respectively and $131 and $135 for the six months ended December 31, 2014 and 2013, respectively. In the three and six months ended December 31, 2014 and 2013, the Company traded in property and equipment with an original cost of $68 and $76 for a cash discount of $2 in each case on the replacement property, resulting in a gain on disposal of $2 and $4, respectively. Additionally, the Company disposed of fully depreciated property of $58 in the six months ended December 31, 2014.

- 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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