Property and Equipment

3 Months Ended

Sep. 30, 2021

Property and Equipment

Property and Equipment

Note 5 - Property and Equipment

Property and equipment, stated at cost, less accumulated depreciation consisted of the following:

	September 30,		June 30,
	2021		2021
GMP Facility	$	8,025,629	$	8,020,471
Land		260,000		260,000
Office Equipment		57,781		57,781
Furniture and Fixtures		5,607		5,607
Lab Equipment		6,008,962		5,989,807
Total Property and Equipment		14,357,979		14,333,666
Less Accumulated Depreciation		(5,423,122)		(5,248,765)
Property and Equipment, Net	$	8,934,857	$	9,084,901

Depreciation expense for the three months ended September 30, 2021 and 2020 was $174,357 and $175,162, respectively.