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

Property and equipment (Tables)

v3.7.0.1
Property and equipment (Tables)
9 Months Ended 12 Months Ended
Mar. 31, 2017
Jun. 30, 2016
Property, Plant and Equipment [Abstract]    
Schedule of property and equipment

Property and equipment consisted of the following:

 

    Estimated
Useful Life
  March 31,
2017
    June 30,
2016
 
Research and development equipment   3 – 10 years   $ 768,923     $ 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  
          792,671       250,120  
Less: Accumulated depreciation         (104,509 )     (43,135 )
Total       $ 688,162     $ 206,985  

 

(*) 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,
2016
    June 30,
2015
    March 31,
2016
    March 31,
2015
 
Research and development equipment   3 – 10 years   $ 226,372     $ 70,091     $ 192,672     $ 66,095  
Computer equipment   5 years     16,783       12,892       14,983       4,367  
Furniture and fixtures   5 – 10 years     3,725       3,725       3,725       725  
Leasehold improvements   *     3,240       3,240       3,240        
          250,120       89,948       214,620       71,187  
Less: Accumulated depreciation         (43,135 )     (8,307 )     (31,710 )     (5,675 )
Total       $ 206,985     $ 81,641     $ 182,910     $ 65,512  

 

(*) Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever period is shorter.