PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Dec. 31, 2013

PROPERTY, PLANT AND EQUIPMENT [Abstract]

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

Composition of assets, grouped by major classifications, is as follows:

	December 31,			June 30,
	2013			2013			2012
	($ in thousands)
Cost:
Computer equipment	$	199		$	167		$	142
Office furniture and equipment		90			90			83
Machinery and equipment		891			786			598
Leasehold improvements		184			141			111
		1,364			1,184			934
Less - accumulated depreciation and amortization		(712	)		(634	)		(472	)

Net carrying amount	$	652		$	550		$	462

Depreciation and amortization expenses totaled approximately $78,000 for the six month period ended December 31, 2013 and approximately $162,000 and $120,000 for the years ended June 30, 2013 and 2012, 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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