Note 3 - Property And Equipment:

9 Months Ended

Mar. 31, 2013

Property, Plant and Equipment Disclosure [Text Block]

3. PROPERTY AND EQUIPMENT:

Property and equipment consists of the following:

	March 31, 2013			June 30, 2012
Machinery and equipment	$	5,432,947		$	-
Buildings and structures		2,574,010			-
Kreider 1		-			8,155,922
Leasehold improvements		31,336			31,336
Furniture		28,932			28,932
Computers and office equipment		244,652			34,240
		8,311,877			8,250,430
Less accumulated depreciation		(734,203	)		(77,728	)
	$	7,577,674		$	8,172,702

During the nine months ended March 31, 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 $246,679 and $3,801 for the three months ended March 31, 2013 and 2012, respectively, and $659,216 and $11,950 for the nine months ended March 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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