Property and Equipment

6 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

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