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Property, Plant and Equipment (Tables)

12 Months Ended

Jun. 30, 2012

Summary of the original cost of property, plant and equipment

	2012			2011
Land	$	45,000		$	45,000
Building and improvements		4,189,908			4,104,132
Machinery and equipment		7,458,075			7,352,055
Furniture and fixtures		160,867			160,867
		11,853,850			11,662,054
Accumulated depreciation		(9,330,654	)		(8,959,040	)
Property, plant and equipment, net	$	2,523,196		$	2,703,014

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details