4. Property and Equipment

6 Months Ended

Dec. 31, 2020

Notes

4. Property and Equipment

4. Property and Equipment  

During the six months ended December 31, 2020, the Company purchased land at a cost of $907,380. The land is comprised of 12.44 acres and is located at 345 Winston Lane in Fernley, Nevada. The Company will be constructing five separate building areas on this property to create a Pilot Plant campus that includes: Production Process Areas, Feedstock Sorting Area, Analytical Laboratory Spaces & Process Development Bays, a Storage Warehouse, and general Office Space.

	Vehicle $	Land $	Total $
Cost:
Balance, June 30, 2020	61,916	-	61,916
Additions	-	907,380	907,380
Balance, December 31, 2020	61,916	907,380	969,296
Accumulated Depreciation:
Balance, June 30, 2020	3,110	-	3,110
Additions	5,202	-	5,202
Balance, December 31, 2020	8,312	-	8,312
Carrying Amounts:
Balance, June 30, 2020	58,806	-	58,806
Balance, December 31, 2020	53,604	907,380	960,984