PROPERTY, PLANT & EQUIPMENT

3 Months Ended

Sep. 30, 2017

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT & EQUIPMENT

NOTE 7 - PROPERTY, PLANT & EQUIPMENT

Property, plant and equipment are comprised of the following:

	September 30, 2017		June 30, 2017
Land	$	179,713	$	217,000
Building and improvements		3,122,662		3,532,375
Manufacturing equipment		3,188,277		4,255,385
Office equipment		454,562		454,562
Total, at cost		6,945,214		8,459,322
Less: accumulated depreciation		(4,043,110)		(5,013,069)
Property, plant and equipment, net	$	2,902,104	$	3,446,253

The Company recorded depreciation expense of $97,392 and $156,464 for the three months ended September 30, 2017 and September 30, 2016, respectively.

See Impairment of Long-Lived Assets under Note 1 of the Notes to Condensed Consolidated Financial Statements for a discussion of the impairment charge related to the proposed sale of the Company’s corporate headquarters.