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NOTE 6 - PROPERTY AND EQUIPMENT
12 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
NOTE 6 - PROPERTY AND EQUIPMENT

NOTE 6 - PROPERTY AND EQUIPMENT

 

Property and equipment, at cost, less accumulated depreciation and amortization, at June 30, 2015 and 2014, is comprised of:

   As of June 30,
   2015  2014
Diagnostic equipment under capital leases  $620,307   $620,307 
Diagnostic equipment   17,396,797    17,396,797 
Research, development and demonstration equipment   3,580,224    3,510,224 
Machinery and equipment   2,069,055    2,069,055 
Furniture and fixtures   2,550,627    2,550,627 
Leasehold improvements   4,502,915    5,593,148 
Building   939,614    939,614 
    31,659,539    32,679,772 
Less: Accumulated depreciation and amortization   18,758,344    17,650,043 
   $12,901,195   $15,029,729 

 

Depreciation and amortization of property and equipment for the years ended June 30, 2015, 2014 and 2013 was $2,259,842, $2,458,113 and $1,554,458, respectively.

 

Depreciation and amortization of diagnostic equipment under capital leases for the years ended June 30, 2015, 2014 and 2013 was $0, $95,026 and $248,123, respectively. Accumulated depreciation and amortization of diagnostic equipment under capital leases was $620,307, $620,307 and $525,281 for the years ended June 30, 2015, 2014 and 2013, respectively.

 

During the year ended June 30, 2015, the Company has retired assets that were fully depreciated with a cost and accumulated depreciation basis of $1,151,541.