Note 3 - Property and Equipment:

9 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

3. PROPERTY AND EQUIPMENT:

Property and equipment consists of the following:

	March 31, 2014			June 30, 2013
Machinery and equipment	$	5,432,947		$	5,432,947
Buildings and structures		2,574,010			2,574,010
Leasehold improvements		-			31,336
Furniture		-			28,932
Computers and office equipment		234,704			243,058
		8,241,661			8,310,283
Less accumulated depreciation		(1,647,119	)		(979,263	)
	$	6,594,542		$	7,331,020

During the year ended June 30, 2013, Kreider 1 was placed into service and the capitalized costs of $8,219,617 were allocated among its separately identifiable components. Depreciation expense was $244,256 and $246,679 for the three months ended March 31, 2014 and 2013, respectively, and $734,559 and $659,216 for the nine months ended March 31, 2014 and 2013, respectively.