General form of registration statement for all companies including face-amount certificate companies

Property and equipment (Tables)

v3.8.0.1
Property and equipment (Tables)
3 Months Ended 12 Months Ended
Sep. 30, 2017
Jun. 30, 2017
Property, Plant and Equipment [Abstract]    
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.