Property and Equipment - net

12 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment - net

4. Property and Equipment – net

Property and equipment consist of the following:

	Estimated Life (Years)		June 30, 2016		June 30, 2015
Manufacturing equipment		5 - 10	$	6,818,382	$	5,796,912
Computer equipment and software		3 - 5		339,723		327,920
Furniture and fixtures		5		92,705		105,402
Leasehold improvements		5 - 7		1,225,099		1,711,018
Construction in progress				597,452		886,624
Total property and equipment				9,073,361		8,827,876
Less accumulated depreciation and amortization				4,703,316		4,552,325
Total property and equipment, net			$	4,370,045	$	4,275,551

During fiscal 2015, we extended our Orlando lease term and received a tenant improvement allowance from the landlord of $420,014. This allowance was used to construct improvements and was recorded as leasehold improvements and deferred rent liability. It is being amortized over the corresponding lease term.