XML 24 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
(4) Property and Equipment
 12 Months Ended
Jun. 30, 2017
Notes  
(4) Property and Equipment

(4)     Property and Equipment

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

 

 

 

 

 

 

 

 

 

2017

 

2016

Land

$

30,287

$

30,287

Buildings

 

5,640,527

 

5,603,859

Machinery and equipment

 

2,246,910

 

1,686,386

Office equipment

 

283,805

 

275,977

Computer equipment

 

2,194,119

 

2,102,005

Vehicles

 

195,001

 

253,513

 

 

10,590,649

 

9,952,027

Less accumulated depreciation and amortization

 

(5,617,172)

 

(5,174,462)

 

$

4,973,477

$

4,777,565

 

Depreciation and amortization expense for the years ended June 30, 2017 and 2016 was $242,542 and $229,930, respectively.

Included in the above caption, “Buildings” as of June 30, 2017 and 2016 is a building lease that is accounted for as a capital lease asset (See Notes 9 and 10) with a gross value of $3,800,000. The net book value of the capital lease asset as of June 30, 2017 and 2016 was $3,065,193 and $3,317,127, respectively. Amortization of the capital lease asset was $251,934 for each of the years ended June 30, 2017 and 2016.