3. PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

3. PROPERTY AND EQUIPMENT

The Company’s property and equipment are comprised of the following as of June 30, 2015 and 2014:

	2015			2014
Furniture and Office Equipment	$	28,812		$	25,912
Office Equipment and Computers		233,564			233,564
Studios		185,824			123,324
Vehicles		60,524			60,524
Leasehold Improvements		21,072			23,472
Computer Software		56,232			56,166
Accumulated Depreciation		(416,074	)		(357,982	)
Net Property and Equipment, net	$	169,954		$	164,980

The Company also had $0 and $31,250 in equipment that was yet to be placed in service as of June 30, 2015 and 2014, respectively.  Depreciation expense for the years ended June 30, 2015 and 2014 was $58,092 and $104,127, respectively.  For the year ending June 30, 2014 the Company impaired assets related to the studios due to the decrease in revenue production, totaling $202,206.