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Property, Plant and Equipment (Tables)

12 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

Summary of the original cost of property, plant and equipment

Property, plant and equipment at June 30, 2018 and 2017 is as follows:

		2018				2017
Land		$	45,000			$	45,000
Building and improvements			4,378,866				4,304,366
Machinery and equipment			10,877,555				9,028,835
Furniture and fixtures			170,120				170,120
			15,471,541				13,548,321
Accumulated depreciation			(11,712,904	)			(11,283,225	)
Property, plant and equipment, net		$	3,758,637			$	2,265,096

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- References

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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