Fixed Assets

6 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 4 Fixed Assets

The following is a summary of fixed assets and accumulated depreciation:

	Useful
	Life	December 31, 2016		June 30, 2016
Furniture and fixtures	5 - 7 years	$	75,034	$	62,730
Lab equipment	3 - 15 years		3,832,450		3,589,615
Leasehold Improvements	5 - 7 years		3,247,038		3,211,575
			7,154,522		6,863,920
Less: accumulated depreciation and amortization			(1,425,678)		(879,250)
		$	5,728,844	$	5,984,670

Depreciation expense was $278,074 and $150,225 for the three months ended December 31, 2016 and 2015, respectively and was $546,429 and $220,537 for the six months ended December 31, 2016 and 2015, respectively.