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Note 5 - Property and Equipment

12 Months Ended

Jun. 30, 2014

Note 5 - Property and Equipment

Property and equipment consisted of the following as of June 30, 2014 and June 30, 2013:

		June 30,		June 30,
		2014		2013

Leasehold improvement	$	2,475	$	2,475
Furniture		26,837		26,837
Office equipment		1,499		1,499
Equipment		68,380		68,380
Systems		268,340		225,085
		367,531		324,276
Less: accumulated depreciation and amortization		(230,436)		(158,208)
Property & Equipment, net	$	137,095	$	166,068

Depreciation expense for the years ended June 30, 2014 and 2013 amounted to $72,227 and $59,605, 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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