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6. PROPERTY, PLANT & EQUIPMENT

6 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

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

	December 31, 2014			June 30, 2014
Land	$	217,000		$	217,000
Building and improvements		3,532,375			3,520,872
Manufacturing equipment		3,750,502			3,710,127
Office equipment		424,718			399,583
Construction in process		230,107			-
Total, at cost		8,154,702			7,847,582
Less: accumulated depreciation		(3,782,909	)		(3,465,379	)
Property, plant and equipment, net	$	4,371,793		$	4,382,203

The Company recorded depreciation expense of $159,174 and $313,690 for the three and six months ended December 31, 2014, respectively. The Company recorded depreciation expense of $158,657 and $421,760 for the three and six months ended December 31, 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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