Equipment and Improvements

12 Months Ended

Jun. 30, 2013

Equipment And Improvements

Equipment and Improvements

3. Equipment and
Improvements Major classes of equipment and improvements consist of the following:

June 30,	2013			2012
Furniture and equipment	$	542,301		$	518,761
Leasehold improvements		375,012			375,012
		917,313			893,773
Accumulated depreciation and amortization		(753,244	)		(708,070	)
	$	164,069		$	185,703

Depreciation and amortization of equipment and improvements amounted to $45,175 and $36,535 for the years ended June 30, 2013 and 2012, respectively.