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5. PROPERTY, PLANT & EQUIPMENT

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

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

	As of June 30,
	2014			2013
Land	$	217,000		$	217,000
Building and improvements		3,520,872			3,520,872
Manufacturing equipment		3,710,127			3,819,533
Office equipment		399,583			403,541
Assets held for lease		-			355,986
Construction in process		-			24,300
Total, at cost		7,847,582			8,341,232
Less, accumulated depreciation		(3,465,379	)		(3,161,525	)
Property, Plant & Equipment, Net	$	4,382,203		$	5,179,707

The Company recorded depreciation expense of $736,551 and $798,424 for the years ended June 30, 2014 and June 30, 2013, respectively.

- 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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