PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2012

PROPERTY, PLANT AND EQUIPMENT [Abstract]

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

At June 30, 2012 and 2011, property and equipment consisted of the following (in thousands):

		June 30,
	Useful Life	2012		2011
Furniture and fixtures	3 to 5 years	$	192	$	179
Plant and equipment	3 to 17 years		5,122		4,897
Manufacturing	15 years		222		222
Computers and software	3 to 5 years		1,558		1,421
Leasehold improvements	3 to 15 years		854		949
Land			19		19
			7,967		7,687
Less: accumulated depreciation			3,335		2,337

Net property, plant and equipment		$	4,632	$	5,350

Total depreciation expense in the fiscal years ended June 30, 2012, 2011 and 2010 is $1.1 million, $972 thousand and $768 thousand, respectively. Depreciation expense included in cost of revenues in the fiscal years ended 2012, 2011 and 2010 was $664 thousand, $650 thousand and $355 thousand, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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