| Schedule of property and equipment |
Property
and equipment consisted of the following:
| |
|
Estimated
Useful
Life
|
|
September
30,
2017
|
|
|
June
30,
2017
|
|
| Land |
|
n/a |
|
$ |
1,000,000 |
|
|
$ |
1,000,000 |
|
| Research and development
equipment |
|
3 - 10 years |
|
|
4,374,409 |
|
|
|
1,851,427 |
|
| Computer equipment |
|
5 years |
|
|
21,933 |
|
|
|
16,783 |
|
| Furniture and fixtures |
|
5 - 10 years |
|
|
3,725 |
|
|
|
3,725 |
|
| STC-MEMS equipment |
|
3 - 5 years |
|
|
2,124,650 |
|
|
|
2,124,650 |
|
| Building |
|
11 years |
|
|
3,020,500 |
|
|
|
3,000,000 |
|
| Leasehold
improvements |
|
* |
|
|
3,240 |
|
|
|
3,240 |
|
| |
|
|
|
|
10,548,457 |
|
|
|
7,999,825 |
|
| Less:
Accumulated depreciation |
|
|
|
|
(379,321 |
) |
|
|
(146,011 |
) |
| Total |
|
|
|
$ |
10,169,136 |
|
|
$ |
7,853,814 |
|
(*)
Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever is shorter.
|
Property
and equipment consisted of the following:
| |
|
Estimated
Useful Life |
|
June
30,
2017 |
|
|
June 30,
2016 |
|
| Land |
|
n/a |
|
$ |
1,000,000 |
|
|
$ |
— |
|
| Research and development
equipment |
|
3 – 10 years |
|
|
1,851,427 |
|
|
|
226,372 |
|
| Computer equipment |
|
5 years |
|
|
16,783 |
|
|
|
16,783 |
|
| Furniture and fixtures |
|
5 – 10 years |
|
|
3,725 |
|
|
|
3,725 |
|
| STC-MEMS equipment |
|
3 – 5 years |
|
|
2,124,650 |
|
|
|
— |
|
| Building |
|
11 years |
|
|
3,000,000 |
|
|
|
— |
|
| Leasehold
improvements |
|
* |
|
|
3,240 |
|
|
|
3,240 |
|
| |
|
|
|
|
7,999,825 |
|
|
|
250,120 |
|
| Less:
Accumulated depreciation |
|
|
|
|
(146,011 |
) |
|
|
(43,135 |
) |
| Total |
|
|
|
$ |
7,853,814 |
|
|
$ |
206,985 |
|
(*)
Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever is shorter.
|