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5. PROPERTY, PLANT & EQUIPMENT

9 Months Ended

Mar. 31, 2014

NOTE 5– PROPERTY, PLANT & EQUIPMENT

Property, plant, and equipment are comprised of the following as of March 31, 2014 and June 30, 2013:

	March 31, 2014			June 30, 2013
Land	$	217,000		$	217,000
Building and improvements		3,520,872			3,520,872
Manufacturing equipment		3,697,468			3,819,533
Office equipment		399,417			403,541
Assets held for lease		-			355,986
Construction in process		-			24,300
Total, at cost		7,834,757			8,341,232
Less, accumulated depreciation		(3,308,027	)		(3,161,525	)
Property, Plant & Equipment, Net	$	4,526,730		$	5,179,707

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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