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4. PROPERTY AND EQUIPMENT
12 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following as of: 

 

   June 30, 2019   June 30, 2018 
Machinery and facility  $363,022   $306,335 
Office equipment   396,222    385,913 
Molds   784,170    984,720 
    1,543,414    1,676,968 
Less accumulated depreciation   (1,411,535)   (1,552,896)
Total  $131,879   $124,072 

 

Depreciation expense associated with property and equipment was $92,961 and $119,773 for the fiscal years ended June 30, 2019 and 2018, respectively, and is included in selling, general, and administrative expenses on the consolidated statements of comprehensive income. Due to the disposal of molds in the amount of $234,321 with no remaining net value, the associated accumulated depreciation was decreased by the same amount for the year ended June 30, 2019.