| Schedule of property and equipment |
Property
and equipment consisted of the following as of December 31, 2017 and June 30, 2017:
| |
|
Estimated
Useful
Life
|
|
December
31,
2017
|
|
|
June
30,
2017
|
|
| Land |
|
n/a |
|
$ |
1,000,000 |
|
|
$ |
1,000,000 |
|
| Research and development
equipment |
|
3 - 10 years |
|
|
6,510,343 |
|
|
|
1,851,427 |
|
| Computer equipment |
|
5 years |
|
|
69,642 |
|
|
|
16,783 |
|
| Furniture and fixtures |
|
5 - 10 years |
|
|
3,725 |
|
|
|
3,725 |
|
| STC-MEMS equipment |
|
3 - 5 years |
|
|
2,120,868 |
|
|
|
2,124,650 |
|
| Building |
|
11 years |
|
|
3,191,819 |
|
|
|
3,000,000 |
|
| Leasehold
improvements |
|
* |
|
|
3,240 |
|
|
|
3,240 |
|
| |
|
|
|
|
12,899,637 |
|
|
|
7,999,825 |
|
| Less:
Accumulated depreciation |
|
|
|
|
(616,430 |
) |
|
|
(146,011 |
) |
| Total |
|
|
|
$ |
12,283,207 |
|
|
$ |
7,853,814 |
|
(*)
Amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever is shorter.
|