4. PROPERTY AND EQUIPMENT

6 Months Ended

Dec. 31, 2015

Property And Equipment

PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of December 31, 2015 and June 30, 2015:

	December 31, 2015			June 30, 2015
Plant and Equipment	$	1,169,905			-
Leasehold Improvements		72,473			-
Furniture & Office Equipment		55,613		$	12,910
Vehicles		16,795			-
Total Property and Equipment, Gross		1,314,806			12,910
Accumulated Depreciation		(113,377	)		(12,910	)
Total Property and Equipment, Net	$	1,201,429		$	-

Depreciation expense amounted to $96,676 and $0 for the six-month periods ended December 31, 2015 and 2014, respectively.