PROPERTY, PLANT & EQUIPMENT

12 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT & EQUIPMENT

NOTE 6 - PROPERTY, PLANT & EQUIPMENT

Property, plant and equipment are comprised of the following:

	June 30, 2018			June 30, 2017
Land	$	-		$	217,000
Building and improvements		44,975			3,532,375
Manufacturing equipment		2,977,579			4,255,385
Office equipment		470,731			454,562
Construction in process		227,702			-
Total, at cost		3,720,987			8,459,322
Less: accumulated depreciation		(2,945,442	)		(5,013,069	)
Property, plant and equipment, net	$	775,545		$	3,446,253

The Company recorded depreciation expense of $288,168 and $483,636 for the years ended June 30, 2018 and June 30, 2017, respectively.

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