Akoustis Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and equipment (Tables)

Property and equipment (Tables)

9 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following as of March 31, 2018 and June 30, 2017:

	Estimated Useful Life	March 31, 2018			June 30, 2017
Land	n/a	$	1,000,000		$	1,000,000
Building	11 years		3,000,000			3,000,000
Equipment	3-10 years		8,571,398			3,976,077
Other	*		571,612			23,748
			13,143,010			7,999,825
Less: Accumulated depreciation			(907,459	)		(146,011	)
Total		$	12,235,551		$	7,853,814

(*) Useful lives vary from 5-10 years, as well as leasehold improvements which are amortized on a straight-line basis over the term of the lease or the estimated useful lives, whichever is shorter.