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Fixed Assets | 9 Months Ended
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Mar. 31, 2018
Fixed Assets [Abstract] |
Fixed Assets | Note 2 – Fixed Assets Fixed assets are recorded at cost and, once placed in service, are depreciated on a straight-line basis over the estimated useful lives. Leasehold improvements are amortized over the shorter of the estimated economic life or related lease term. Fixed assets consist of the following:
|  | Estimated |  | As of |  |  | As of |
|  | Useful Lives in years |  | March 31, 2018 |  |  | June 30, 2017 |
Manufacturing equipment |  | 2 - 5 |  | $ | 213,000 |  |  | $ | 405,000 |
Leasehold improvements |  | 3 |  |  | 112,000 |  |  |  | 111,000 |
Office equipment, furniture and other |  | 2 - 5 |  |  | 344,000 |  |  |  | 287,000 |
Lab equipment |  | 3 - 5 |  |  | 90,000 |  |  |  | 90,000 |
Less accumulated depreciation and amortization |  |  |  |  | (498,000 | ) |  |  | (246,000 | )
Fixed assets, net |  |  |  | $ | 261,000 |  |  | $ | 647,000 |
At March 31, 2018, we determined that the AWH assets were impaired based upon sales performance and the manufacturer no longer supporting the product. This resulted in the write-off of the AWH manufacturing equipment totaling $210,000 (see Note 1). The depreciation and amortization expense was as follows:
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Depreciation and amortization expense |  | $ | 91,000 |  |  | $ | 27,000 |  |  | $ | 252,000 |  |  | $ | 72,000 |

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