PROPERTY, PLANT & EQUIPMENT

6 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

NOTE 7 - PROPERTY, PLANT & EQUIPMENT

Property, plant and equipment are comprised of the following:

	December 31, 2017		June 30, 2017
Land	$	179,713	$	217,000
Building and improvements		3,122,662		3,532,375
Manufacturing equipment		3,169,597		4,255,385
Office equipment		454,562		454,562
Total, at cost		6,926,534		8,459,322
Less: accumulated depreciation		(4,095,685)		(5,013,069)
Property, plant and equipment, net	$	2,830,849	$	3,446,253

The Company recorded depreciation expense of $82,688 and $180,080 for the three and six months ended December 31, 2017, respectively. The Company recorded depreciation expense of $133,668 and $290,132 for the three and six months ended December 31, 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 sale of the Company’s corporate headquarters.