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5. PROPERTY, PLANT & EQUIPMENT

3 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, plant, and equipment are comprised of the following as of:

	September 30, 2014			June 30, 2014
Land	$	217,000		$	217,000
Building and improvements		3,532,375			3,520,872
Manufacturing equipment		3,695,781			3,710,127
Office equipment		417,073			399,583
Total, at cost		7,862,229			7,847,582
Less: accumulated depreciation		(3,616,229	)		(3,465,379	)
Property, plant and equipment, net	$	4,246,000		$	4,382,203

The Company recorded depreciation expense of $154,516 and $158,057 for the three months ended September 30, 2014 and September 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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