Quarterly report pursuant to Section 13 or 15(d)

Property and equipment

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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:

 

    Estimated
Useful Life		   September 30,
2016		     June 30,
2016		  
Research and development equipment   3 – 10 years   $ 246,665     $ 226,372  
Computer equipment   5 years     16,783       16,783  
Furniture and fixtures   5 – 10 years     3,725       3,725  
Leasehold improvements   *     3,240       3,240  
          270,413       250,120  
Less: Accumulated depreciation         (56,020 )     (43,135 )
Total       $ 214,393     $ 206,985  

 

(*) 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.