PROPERTY & EQUIPMENT

3 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

PROPERTY & EQUIPMENT

NOTE 5 - PROPERTY & EQUIPMENT

Property and equipment are comprised of the following:

	September 30, 2018			June 30, 2018
Leasehold improvements	$	44,975		$	44,975
Manufacturing equipment		2,977,107			2,977,579
Office equipment		470,730			470,731
Construction in process		303,604			227,702
Total, at cost		3,796,416			3,720,987
Less: accumulated depreciation		(2,983,530	)		(2,945,442	)
Property and equipment, net	$	812,886		$	775,545

The Company recorded depreciation expense of $38,344 and $97,392 for the three months ended September 30, 2018 and September 30, 2017, 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.