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INVENTORY

3 Months Ended

Sep. 30, 2013

NOTE 6 - INVENTORY:

	September 30,		June 30,
	2013		2013
	($ in thousands)
Finished goods	$	551	$	364
Work in process		707		1,111
Raw materials and supplies		134		118
	$	1,392	$	1,593

As of September 30, 2013 and June 30, 2013, the Company had provisions for slow moving inventory of approximately $356,000 and $379,000, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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