(10) Deferred Gain

12 Months Ended

Jun. 30, 2018

Disclosure Text Block [Abstract]

(10) Deferred Gain

On August 8, 2014, the Company sold the property that houses its operations in Utah and leased back the premises for a term of 15 years. The sale price was $3.8 million. Proceeds from the sale were primarily used to reduce debt obligations of the Company.

The sale of the building 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:

	2018			2017
Balance of deferred gain	$	1,680,001		$	1,830,449
Less current portion		(150,448	)		(150,448	)
	$	1,529,553		$	1,680,001