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Fixed Assets

3 Months Ended

Sep. 30, 2017

Fixed Assets [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			As of September 30,				As of June 30,
		years			2017				2017
Manufacturing equipment		2 - 5			$	405,000			$	405,000
Leasehold improvements		3				111,000				111,000
Office equipment, furniture and other		2 - 5				287,000				287,000
Lab equipment		3 - 5				90,000				90,000
Less accumulated depreciation and amortization						(326,000	)			(246,000	)
Fixed assets, net					$	567,000			$	647,000

The depreciation expense was as follows:

		Three Months Ended September 30,
		2017				2016
Depreciation expense		$	80,000			$	19,000

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- References

No definition available.

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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 360
-URI http://asc.fasb.org/topic&trid=2155823

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