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Property and Equipment
6 Months Ended
Dec. 31, 2021
Property and Equipment  
Property and Equipment

Note 5 - Property and Equipment

Property and equipment, stated at cost, less accumulated depreciation consisted of the following:

    

December 31, 

    

June 30, 

2021

2021

GMP Facility

$

8,149,416

$

8,020,471

Land

 

260,000

 

260,000

Office Equipment

 

57,781

 

57,781

Furniture and Fixtures

 

5,607

 

5,607

Lab Equipment

 

6,070,525

 

5,989,807

Total Property and Equipment

 

14,543,329

 

14,333,666

Less Accumulated Depreciation

 

(5,598,440)

 

(5,248,765)

Property and Equipment, Net

$

8,944,889

$

9,084,901

Depreciation expense for the three months ended December 31, 2021 and 2020 was $175,318 and $172,934, respectively, and for the six months ended December 31, 2021 and 2020 were $349,675 and $348,096, respectively.