Property and Equipment

6 Months Ended

Dec. 31, 2021

Property and Equipment

Note 4 . Property and Equipment

Note 4. Property and Equipment

Property and equipment consist of the following:

	December 31, 2021			June 30, 2021
Furniture and fixtures	$	23,385		$	20,173
Computer equipment		113,182			62,430
Manufacturing equipment		1,834,999			1,867,509
Leasehold improvements		1,804,238			764,225
Building		4,060,004			-
Vehicles		98,859			98,859
Property and equipment, gross		7,934,667			2,813,196
Less accumulated depreciation		(762,569	)		(515,990	)
		7,172,098			2,297,206
Deposits on equipment		268,234			535,194
Property and equipment, net	$	7,440,332		$	2,832,400

During the three and six months ended December 31, 2020, the Company sold manufacturing equipment with a carrying value of $70,292 for cash proceeds of $64,000 which resulted in a loss on the disposal of $6,292.

Depreciation expense for the three months ended December 31, 2021, and 2020 was $131,225 and $69,786, respectively.  Depreciation expense for the six months ended December 31, 2021, and 2020 was $246,579 and $139,815, respectively.