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Fixed Assets
 3 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 4 – 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
Useful Lives 		  As of
September 30,		   As of
June 30,		 
   in years  2018   2018 
            
Manufacturing equipment  2 - 5  $36,000   $213,000 
Leasehold improvements  3   112,000    112,000 
Office equipment, furniture and other  2 - 5   308,000    344,000 
Lab equipment  3 - 5   90,000    90,000 
Less accumulated depreciation and amortization      (350,000)   (540,000)
              
Fixed assets, net     $196,000   $219,000 

  

The depreciation and amortization expense was as follows:

  

   Three Months Ended
September 30,		 
   2018   2017 
          
Depreciation and amortization expense  $28,000   $80,000