(10) Deferred Gain

12 Months Ended

Jun. 30, 2017

Notes

(10) Deferred Gain

(10)   Deferred Gain

The sale of the building (See Note 9) resulted in a $2,269,255 gain, which is recorded in the consolidated balance sheets as deferred gain that is being recognized in selling, general and administrative expenses over the 15 year life of the lease on a straight line basis. The balance of the deferred gain was as follows as of June 30:

		2017		2016
Balance of deferred gain	$	1,830,449	$	1,980,897
Less current portion		(150,448)		(150,448)
	$	1,680,001	$	1,830,449