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Fixed Assets
 9 Months Ended
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