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PROPERTY AND EQUIPMENT
6 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 — PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

               
   Useful Life  December 31, 2023  June 30, 2023
Lab Equipment and Instruments   4-7   $617,882   $576,298 
Leasehold Improvements   10    224,629    224,629 
Furniture, Fixtures and Equipment   4-7    172,861    172,861 
Total        1,015,372    973,788 
Less Accumulated Depreciation        (518,476)   (464,799)
Net Property and Equipment       $496,896   $508,989 

 

Depreciation expense amounted to $27,198 and $53,677 for the three and six months ended December 31, 2023, respectively, and $27,338 and $54,253 for the three and six months ended December 31, 2022, respectively.