Property, Plant, and Equipment

9 Months Ended

Mar. 31, 2024

Property, Plant, and Equipment

Property, Plant, and Equipment

NOTE 6 – Property, Plant, and Equipment

Property, plant and equipment consist of the following (in thousands):

	March 31, 2024		June 30, 2023		Useful Life in Years
Land	$	904	$	904	N/A
Buildings		8,911		8,911	30 to 40
Molds and dies		7,539		7,517	3 to 5
Furniture and fixtures		3,626		3,387	5 to 10
Machinery and equipment		29,197		28,574	3 to 10
Building improvements		3,129		3,078	Shorter of the lease term or life of asset
		53,306		52,371
Less: accumulated depreciation and amortization		(44,328)		(43,063)
	$	8,978	$	9,308

Depreciation and amortization expense on property, plant, and equipment was approximately $454,000 and $380,000 for the three months ended March 31, 2024 and 2023, respectively. Depreciation and amortization expense on property, plant and equipment was approximately $1,374,000 and $1,127,000 for the nine months ended March 31, 2024 and 2023, respectively.