RIGHT TO USE LEASE ASSETS

3 Months Ended

Sep. 30, 2019

Disclosure Text Block [Abstract]

Lessee, Operating Leases [Text Block]

NOTE 4 – RIGHT TO USE LEASE ASSETS

Based on our lease accounting policy, we have identified the following operating leases. As of December 31, 2019, we have no financing leases:

		December 31, 2019				June 30, 2019
		(Unaudited)
Facility lease		$	664,500			$	735,000
Leasehold improvements related to our facility			280,377				280,376
Accumulated amortization – leasehold improvements			(176,245	)			(170,120	)
Right to use leased assets, operating, net		$	768,632			$	845,256

In March 2019 we negotiated a five year extension of the lease for our executive office and manufacturing facility located at 1501 Industrial Road, Boulder City, Nevada. The property consists of a 49,200 square foot building. We currently occupy all 49,200 square feet, inclusive of approximately 5,500 square feet of office space, situated on approximately 4.15 acres. Our remaining liability under this agreement is $664,500, payable at amounts ranging from $11,750 to $12,600 a month until June 30, 2024.