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Fixed Assets (Tables)
3 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
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