Property and equipment
|3 Months Ended|
Sep. 30, 2016
|Property, Plant and Equipment [Abstract]|
|Property and equipment||
Note 4. Property and equipment
Property and equipment consisted of the following:
(*) Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever is shorter.
The Company recorded depreciation expense of $12,885 and $4,530 for the three months ended September 30, 2016 and 2015, respectively.
As of September 30, 2016, research and development fixed assets totaling $6,505 were not placed in service and therefore not depreciated during the period.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://www.xbrl.org/2003/role/presentationRef