(10) Deferred Gain

12 Months Ended

Jun. 30, 2019

Deferred Revenue [Abstract]

(10) Deferred Gain

On August 8, 2014, the Company sold the property that houses its operations in Utah and leased back the premises for a term of 15 years. The sale price was $3.8 million. Proceeds from the sale were primarily used to reduce debt obligations of the Company.

The sale of the building resulted in a $2,269,255 gain, which is recorded in the consolidated balance sheets as deferred gain that is being recognized as an offset to amortization in selling, general and administrative expenses over the 15 year life of the lease on a straight line basis. The balance of the deferred gain was as follows as of June 30:

	2019			2018
Balance of deferred gain	$	1,529,553		$	1,680,001
Less current portion		(150,448	)		(150,448	)
	$	1,379,105		$	1,529,553