PROPERTY AND EQUIPMENT

6 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

3.  PROPERTY AND EQUIPMENT:

Property and equipment consist of the following:

	December 31, 2021			June 30, 2021
Machinery and equipment	$	—		$	2,222,670
Buildings and structures		—			401,470
Computers and office equipment		11,137			171,485
3G project construction in process		145,439			—
Property and equipment, gross		156,576			2,795,625
Less accumulated depreciation		(9,681	)		(2,795,084	)
Property and equipment, net	$	146,895		$	541

Management has reviewed the remaining property and equipment for impairment as of December 31, 2021 and believes that no impairment exists.

Depreciation expense was $332 and $207 for the three months ended December 31, 2021 and 2020, respectively, and $580 and $414 for the six months ended December 31, 2021 and 2020, respectively.

On December 29, 2021 Bion PA1 LLC was dissolved which removed all items which were listed under ‘Machinery and equipment’ and Buildings and structures’ plus almost all of the items which were listed under ‘Computers and office equipment’ at June 30, 2021 resulting in the elimination of almost the entire balance of ‘accumulated depreciation’. See Note 5, “LOANS PAYABLE: Pennvest Loan and Bion PA1 LLC (“PA1”) Dissolution” below.