4. Selected Balance Sheet Elements

12 Months Ended

Jun. 30, 2021

Business Combinations [Abstract]

Selected Balance Sheet Elements

4. Selected Balance Sheet Elements

Inventories

Inventories consisted of the following as of June 30, 2021 and 2020:

	June 30,
	2021		2020
Raw materials	$	700,824	$	140,477
Work-in-progress		–		120,689
Finished goods		141,284		389,256
	$	842,108	$	650,422

Property and Equipment, Net

Property and equipment, net consisted of the following as of June 30, 2021 and 2020:

	June 30,
	2021			2020
Machinery and equipment	$	223,141		$	143,930
Leasehold improvements		323,669			112,366
Computer and office equipment		186,549			52,665
		733,359			308,961
Less: Accumulated depreciation		(243,457	)		(68,453	)
	$	489,902		$	240,508

Depreciation and amortization expense of $83,606 and $46,602 for the years ended June 30, 2021 and 2020, respectively, were included in selling, general and administrative expenses in the statements of operations.

Intangible Assets, Net

Intangible assets, net consisted of the following as of June 30, 2021 and 2020:

	Gross		Accumulated			Carrying
	Amount		Amortization			Value
Amortized:
Curriculum development	$	693,385	$	(28,891	)	$	664,494
	$	693,385	$	(28,891	)	$	664,494

Amortization expense of $28,891 and $0 for the years ended June 30, 2021 and 2020, respectively, were included in selling, general and administrative expenses in the statements of operations.

Future amortization expense at June 30, 2021 is as follows:

Year Ending June 30,
2022	$	69,338
2023		69,338
2024		69,338
2025		69,338
2026		69,338
Thereafter		317,804
	$	664,494