(4) Property and Equipment

12 Months Ended

Jun. 30, 2018

Disclosure Text Block [Abstract]

(4) Property and Equipment

Property and equipment consist of the following as of June 30:

	2018			2017
Land	$	30,287		$	30,287
Buildings		5,664,096			5,640,527
Machinery and equipment		2,229,202			2,246,910
Office equipment		318,613			283,805
Computer equipment		2,136,078			2,194,119
Vehicles		115,233			195,001
		10,493,509			10,590,649
Less accumulated depreciation and amortization		(4,642,610	)		(5,617,172	)
	$	5,850,899		$	4,973,477

Depreciation and amortization expense for the years ended June 30, 2018 and 2017 was $419,148 and $242,542, respectively.

Included in the above caption, “Buildings” as of June 30, 2018 and 2017 is a building lease that is accounted for as a capital lease asset (see Notes 9 and 10) with a gross value of $3,800,000. The net book value of capital lease assets as of June 30, 2018 and 2017 was $2,923,449 and $3,065,193, respectively. Amortization of capital lease assets was $254,418 and $251,934 for the years ended June 30, 2018 and 2017.