Property and Equipment

9 Months Ended

Mar. 31, 2023

Property and Equipment

Property and Equipment

Note 4. Property and Equipment

Property and equipment consist of the following:

	March 31, 2023			June 30, 2022
Furniture and fixtures	$	172,662		$	51,273
Computer equipment		156,875			103,615
Internal use software		521,093			-
Manufacturing equipment		3,206,060			1,002,796
Leasehold improvements		90,245			2,144,341
Building		4,876,133			4,656,435
Vehicles		261,362			253,229
Property and equipment, gross		9,284,430			8,211,689
Less accumulated depreciation		(1,666,282	)		(867,906	)
	$	7,618,148		$	7,343,783

Depreciation expense for the three months ended March 31, 2023 and 2022 was $232,492 and $143,537, respectively. 

Depreciation expense for the nine months ended March 31, 2023 and 2022 was $669,540 and $390,116, respectively.

During the three and nine months ended March 31, 2022, the Company sold vehicles with a carrying value of $500 for cash proceeds of $6,000, which resulted in a gain on the disposal of $5,500.