Property and Equipment

12 Months Ended

Jun. 30, 2023

Property and Equipment

Property and Equipment

Note 4. Property and Equipment

Property and equipment consist of the following:

	June 30, 2023			June 30, 2022
Furniture and fixtures	$	172,663		$	51,273
Computer equipment		156,283			103,615
Internal use software		608,949			-
Manufacturing equipment		3,325,525			1,002,796
Leasehold improvements		-			2,144,341
Building		4,923,462			4,656,435
Vehicles		261,362			253,229
Property and equipment, gross		9,455,848			8,211,689
Less accumulated depreciation		(1,921,780	)		(872,823	)
	$	7,526,463		$	7,338,866

Depreciation expense for the years ended June 30, 2023 and 2022 was $944,704 and $574,309, respectively. 

During the year ended June 30, 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.