Property and Equipment, net

12 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment, net

5. Property and Equipment, net

Property and equipment consist of the following:

	Estimated Life (Years)		June 30, 2017		June 30, 2016
Manufacturing equipment		5 - 10	$	13,804,964	$	6,818,382
Computer equipment and software		3 - 5		375,775		339,723
Furniture and fixtures		5		112,307		92,705
Leasehold improvements		5 - 7		1,228,797		1,225,099
Construction in progress				709,571		597,452
Total property and equipment				16,231,414		9,073,361
Less accumulated depreciation and amortization				5,906,856		4,703,316
Total property and equipment, net			$	10,324,558	$	4,370,045

During fiscal 2015, we extended the term of our Orlando lease 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.