PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2024

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS [Abstract]

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

NOTE B - PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS:

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

	Estimated Useful Lives	June 30, 2024			June 25, 2023
Equipment, furniture and fixtures	3 - 7 yrs	$	1,173		$	1,114
Leasehold improvements	10 yrs or lease term, if shorter		472			472
			1,645			1,586
Less:  accumulated depreciation/amortization			(1,463	)		(1,328	)
		$	182		$	258

Depreciation and amortization expense for property and equipment was approximately $135 thousand and $141 thousand for the fiscal years ended June 30, 2024 and June 25, 2023, respectively.

Intangible assets consist of the following (in thousands):

		June 30, 2024										June 25, 2023
	Estimated Useful Lives	Acquisition Cost			Accumulated Amortization				Net Value			Acquisition Cost			Accumulated Amortization				Net Value
Trademarks and tradenames	10 years		$	278		$	(258	)		$	20		$	278		$	(248	)		$	30
Name change	15 years			70			(44	)			26			70			(39	)			31
Prototypes	5 years			347			(141	)			206			339			(72	)			267
			$	695		$	(443	)		$	252		$	687		$	(359	)		$	328

Amortization expense for intangible assets was approximately $84 thousand and $73 thousand for the fiscal years ended June 30, 2024  and June 25, 2023, respectively.