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Fixed Assets | 3 Months Ended
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Sep. 30, 2016
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure [Text Block] | 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 |  | As of September 30, |  | As of June 30, |
|  | Useful Lives in years |  | 2016 |  | 2016 |
Office equipment and furniture |  | 3 - 5 |  | $ | 234,000 |  | $ | 201,000 |
Lab equipment |  | 3 - 5 |  |  | 90,000 |  |  | 90,000 |
Leasehold improvements |  | 3 |  |  | 112,000 |  |  | 45,000 |
Manufacturing equipment |  | 5 |  |  | 7,000 |  |  | 7,000 |
Less accumulated depreciation and amortization |  |  |  |  | (130,000) |  |  | (112,000) |
Fixed assets, net |  |  |  | $ | 313,000 |  | $ | 231,000 |
The depreciation expense was $19,000 and $7,000 for the three months ended September 30, 2016 and 2015, respectively.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -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 + Details
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