Property and Equipment

12 Months Ended

Jun. 30, 2013

Property Plant And Equipment [Abstract]

Note 7. Property and Equipment

Property and equipment are composed of the following:


	June 30,
	2013			2012
Building and land	$	4,607,640		$	4,568,481
Furniture, equipment, and other		1,708,261			1,708,261

		6,315,901			6,276,742
Accumulated depreciation		(3,191,845	)		(2,917,366	)

Net property and equipment	$	3,124,056		$	3,359,376

Depreciation expense totaled $274,479; $281,760; and $291,705 in 2013, 2012, and 2011, 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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