(3) Property and Equipment

12 Months Ended

Jun. 30, 2016

Notes

(3) Property and Equipment

(3)     Property and Equipment

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

		2016		2015
Land	$	30,287	$	30,287
Buildings		5,603,859		5,586,777
Machinery and equipment		1,686,386		1,635,386
Office equipment		275,977		273,420
Computer equipment		2,102,005		1,984,046
Vehicles		253,513		247,571
		9,952,027		9,757,487
Less accumulated depreciation and amortization		(5,174,462)		(4,732,411)
	$	4,777,565	$	5,025,076

Depreciation expense for the years ended June 30, 2016 and 2015 was $229,930 and $350,959, respectively.

Included in the above caption, ”Buildings” at June 30, 2016 and 2015 are assets held under a capital lease obligation totaling $3,800,000 (gross). The net balance of the capital lease as of June 30, 2016 and 2015 was $3,317,127 and $3,569,061, respectively. Building amortization under the capital lease for the years ended June 30, 2016 and 2015 was $251,934 and $230,939, respectively.