XML 33 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
5. PROPERTY AND EQUIPMENT
12 Months Ended
Jun. 30, 2012
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 PROPERTY AND EQUIPMENT

Property and equipment are recorded at cost. Gains or losses on disposals are reflected as gain or loss in the year of disposal. The cost of improvements that extends the life of property and equipment are capitalized. These capitalized costs may include structural improvements, equipment, and fixtures. All ordinary repair and maintenance costs are expensed as incurred. Property and equipment are being depreciated and amortized on the straight-line basis over the following estimated useful lives

    Estimated Useful Lives
Furniture & Office Equipment   Three Years
Network Hardware & Software   Three Years
Site Installation Materials   Three Years

 

As of June 30, 2012 and June 30, 2011, property and equipment consisted of the following:

 

    June 30,   June 30,
    2012   2011
Furniture & Office Equipment   $ 26,852     $ 26,852  
Network Hardware & Software     55,254       48,975  
Site Installation Materials     1,813       1,813  
Total Fixed Assets     83,919       77,622  
Accumulated Depreciation     (77,120 )     (75,316 )
Total Fixed Assets, Net   $ 6,799     $ 2,306  

 

Depreciation expense amounted to $1,804 and $4,275 for the years then ended June 30, 2012 and 2011, respectively.