Property and Equipment

9 Months Ended

Mar. 31, 2024

Property and Equipment

Property and Equipment

Note 4. Property and Equipment

Property and equipment consist of the following:

	March 31, 2024			June 30, 2023
Furniture and fixtures	$	216,143		$	172,663
Computer equipment		166,569			155,506
Internal use software		570,645			541,705
Manufacturing equipment		3,495,666			3,291,557
Leasehold improvements		1,554,771			-
Building		4,923,464			4,923,464
Vehicles		261,362			261,362
Property and equipment, gross		10,325,160			9,346,256
Less accumulated depreciation		(2,805,155	)		(1,903,633	)
	$	7,520,005		$	7,442,623

Depreciation expense for the three months ended March 31, 2024, and 2023 was $264,817 and $225,879, respectively. 

Depreciation expense for the nine months ended March 31, 2024, and 2023 was $901,521 and $649,883, respectively.