PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2013

PROPERTY, PLANT AND EQUIPMENT [Abstract]

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

At June 30, 2013 and 2012, property and equipment consisted of the following (in thousands):

		June 30,
	Useful Life	2013		2012
Furniture and fixtures	3 to 5 years	$	192	$	192
Plant and equipment	3 to 17 years		5,422		5,122
Manufacturing	15 years		220		222
Computers and software	3 to 5 years		1,583		1,532
Leasehold improvements	3 to 15 years		897		854
Land			19		19
Construction-in-progress			376		26
			8,709		7,967
Less: accumulated depreciation			4,269		3,335


Net property, plant and equipment		$	4,440	$	4,632

Total depreciation expense in the fiscal years ended June 30, 2013, 2012 and 2011 is $1.1 million, $1.1 million and $972 thousand, respectively. Depreciation expense included in cost of revenues in the fiscal years ended 2013, 2012 and 2011 was $666 thousand, $664 thousand and $650 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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