Note 3 - Property and Equipment

9 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

3.

     PROPERTY AND EQUIPMENT:

Property and equipment consists of the following:

	March 31, 2020			June 30, 2019
Machinery and equipment	$	2,222,670		$	2,222,670
Buildings and structures		401,470			401,470
Computers and office equipment		171,485			173,245
		2,795,625			2,797,385
Less accumulated depreciation		(2,794,050	)		(2,794,769	)
	$	1,575		$	2,616

As of

March 31, 2020,

the net book value of Kreider

1

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

March 31, 2020

and believes that

no

impairment exists.

Depreciation expense was

$347

and

$271

for the

three

months ended

March 31, 2020

and

2019,

respectively and

$1,041

and

$966

for the

nine

months ended

March 31, 2020

and

2019,

respectively.