XML 30 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Fixed Assets
 3 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 2 – Fixed Assets

Fixed assets are recorded at cost and, once placed in service, are depreciated on the straight-line method over the estimated useful lives. Fixed assets consist of the following:

 

     Estimated
Useful Lives in years		    As of September 30,
2015		      As of June 30,
2015		  

Leasehold improvements

    3      3,000         —     

Lab equipment

    3 – 5      90,000         90,000   

Less accumulated depreciation and amortization

         (67,000 )       (60,000 ) 
     

 

 

     

 

 

  

Fixed assets, net

       $ 26,000       $ 30,000