Annual report pursuant to Section 13 and 15(d)

Note 4 - Property and Equipment

v3.10.0.1
Note 4 - Property and Equipment
12 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
NOTE
4
-
PROPERTY AND EQUIPMENT
 
As of
June 30, 2017,
and
2016,
property and equipment consisted of the following:
 
 
   
June 30, 2017
   
June 30, 2016
 
Equipment
  $
118,378
    $
118,680
 
Furniture and fixtures
   
100,081
     
96,279
 
Leasehold improvements
   
64,565
     
64,565
 
Write-off assets
   
(41,438
)    
-
 
Total cost:
   
241,585
     
279,524
 
                 
Less: accumulated depreciation
   
(212,700
)    
(204,835
)
Adjustment for write-off
   
41,438
     
-
 
Total accumulated depreciation:
   
(171,262
)    
(204,835
)
Property and equipment, net
  $
70,324
    $
74,689
 
 
Depreciation expense for the fiscal years ended
June 30, 2017
$7,865
(June
30,
2016
-
$4,581
).