Property and Equipment

12 Months Ended

Jun. 30, 2024

Property, Plant and Equipment

Property and Equipment [Text Block]

Note 3. Property and Equipment

Property and equipment consist of the following as of June 30:

		2024			2023
Buildings	$	4,134,200		$	3,958,046
Machinery and equipment		2,016,035			2,007,286
Office equipment		414,660			417,746
Computer equipment		843,121			826,126
		7,408,016			7,209,204
Less accumulated depreciation and amortization		(5,438,603	)		(4,760,922	)
	$	1,969,413		$	2,448,282

Depreciation expense for the years ended June 30, 2024 and 2023 was $680,767 and $421,514, respectively.

Included in the above caption, "Buildings" as of June 30, 2024 and 2023 is a building lease that is accounted for as a finance lease asset (see Notes 6 and 7) with a gross value of $3,800,000.