FURNITURE, FIXTURES AND EQUIPMENT

12 Months Ended

Jun. 30, 2014

FURNITURE, FIXTURES AND EQUIPMENT [Abstract]

FURNITURE, FIXTURES AND EQUIPMENT

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


	Estimated	June 30,
	Useful Life	2014			2013

Equipment	3 - 5 years	$	111,488		$	88,875
Storage facilities	3 years		20,802			20,802
Vehicles	5 - 7 years		214,470			164,232
Furniture and fixtures	5 years		20,420			20,420
			367,180			294,329
Accumulated depreciation			(191,429	)		(136,145	)
		$	175,751		$	158,184

Depreciation expense in 2014 and 2013 was $55,284 and $49,269, 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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