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Fixed Assets | 9 Months Ended
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Mar. 31, 2017
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure [Text Block] | Note 3 – 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 March 31, |  | As of June 30, |
|  | Useful Lives in years |  | 2017 |  | 2016 |
Office equipment and furniture |  | 3 - 5 |  | $ | 246,000 |  | $ | 201,000 |
Leasehold improvements |  | 3 |  |  | 112,000 |  |  | 45,000 |
Lab equipment |  | 3 - 5 |  |  | 90,000 |  |  | 90,000 |
Manufacturing equipment |  | 5 |  |  | 7,000 |  |  | 7,000 |
Less accumulated depreciation and amortization |  |  |  |  | (184,000) |  |  | (112,000) |
Fixed assets, net |  |  |  | $ | 271,000 |  | $ | 231,000 |
The depreciation expense was as follows:
|  | Three Months Ended March 31, |  | Nine Months Ended March 31, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Depreciation expense |  | $ | 27,000 |  | $ | 18,000 |  | $ | 72,000 |  | $ | 37,000 |

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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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