Note 3 - Property and Equipment

6 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

3.

     PROPERTY AND EQUIPMENT:

Property and equipment consists of the following:

	December 31, 2019			June 30, 2019
Machinery and equipment	$	2,222,670		$	2,222,670
Buildings and structures		401,470			401,470
Computers and office equipment		173,245			173,245
		2,797,385			2,797,385
Less accumulated depreciation		(2,795,463	)		(2,794,769	)
	$	1,922		$	2,616

As of

December 31, 2019,

the net book value of Kreider

1

was zero. Management has reviewed the remaining property and equipment for impairment as of

December 31, 2019

and believes that

no

impairment exists.

Depreciation expense was

$347

and

$259

for the

three

months ended

December 31, 2019

and

2018,

respectively and

$694

and

$695

for the

six

months ended

December 31, 2019

and

2018,

respectively.