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Property and Equipment
 12 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

4.    Property and Equipment – net

 

Property and equipment consist of the following:

 

   Estimated  June 30,  June 30,
   Life (Years)  2015  2014
Manufacturing equipment   5 - 10   $5,796,912   $5,255,571 
Computer equipment and software   3 - 5    327,920    299,314 
Furniture and fixtures   5    105,402    101,953 
Leasehold improvements   5 - 7    1,711,018    864,378 
Construction in progress        886,624    665,977 
     Total property and equipment        8,827,876    7,187,193 
                
Less accumulated depreciation  and amortization        4,552,325    4,013,288 
            Total property and equipment, net       $4,275,551   $3,173,905 

 

During fiscal 2015, we extended our Orlando lease term and received a tenant improvement allowance from the landlord of $420,014. This allowance was used to construct improvements and was recorded as leasehold improvements and deferred rent liability. It will be amortized over the new lease term.