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Property and Equipment

12 Months Ended

Jun. 30, 2024

Property and Equipment

Property and Equipment

Note 5 – Property and Equipment

Property and equipment, stated at cost, less accumulated depreciation consisted of the following:

​

​	​	​	​	​	​	​
​		June 30,			June 30,
​	​	2024		​	2023
GMP Facility	​	$	8,168,045	​	$	8,168,045
​	​	​	​	​	​	​
Land	​		260,000	​		260,000
​	​	​	​	​	​	​
Office Equipment	​		63,056	​		60,347
​	​	​	​	​	​	​
Furniture and Fixtures	​		5,607	​		5,607
​	​	​	​	​	​	​
Lab Equipment	​		6,469,578	​		6,315,727
​	​	​	​	​	​	​
Total Property and Equipment	​		14,966,286	​		14,809,726
​	​	​	​	​	​	​
Less Accumulated Depreciation	​		(7,453,823)	​		(6,703,079)
Property and Equipment, Net	​	$	7,512,463	​	$	8,106,647

​

Depreciation expense for the years ended June 30, 2024 and 2023 was $750,744 and $739,259 respectively.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-Paragraph 7
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-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

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