FURNITURE, FIXTURES AND EQUIPMENT

12 Months Ended

Jun. 30, 2012

FURNITURE, FIXTURES AND EQUIPMENT [Abstract]

FURNITURE, FIXTURES AND EQUIPMENT

Furniture, fixtures and equipment consisted of the following as of June 30, 2012 and 2011:


	Estimated	June 30,
	Useful Life	2012			2011

Equipment	3 - 5 years	$	69,538		$	58,783
Storage facilities	3 years		19,717			19,717
Vehicles	5 - 7 years		189,897			170,961
Furniture and fixtures	5 years		20,420			19,853
			299,572			269,314
Accumulated depreciation			(110,793	)		(59,492	)
		$	188,779		$	209,822

Depreciation expense in 2012 and 2011 was $51,301 and $15,269, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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