Note 3 - Property and Equipment

9 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

3.

         

PROPERTY AND EQUIPMENT:

Property and equipment consist of the following:

	March 31, 2021			June 30, 2020
Machinery and equipment	$	2,222,670		$	2,222,670
Buildings and structures		401,470			401,470
Computers and office equipment		171,485			171,485
		2,795,625			2,795,625
Less accumulated depreciation		(2,794,877	)		(2,794,257	)
	$	748		$	1,368

As of

March 31, 2021,

the net book value of Kreider

1

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

March 31, 2021

and believes that

no

impairment exists.

Depreciation expense was

$206

and

$347

for the

three

months ended

March 31, 2021

and

2020,

respectively and

$620

and

$1,041

for the

nine

months ended

March 31, 2021

and

2020,

respectively.