Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets (Tables)

v3.8.0.1
Fixed Assets (Tables)
9 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
The following is a summary of fixed assets and accumulated depreciation:
 
 
 
Useful
 
 
 
 
 
 
 
 
 
Life
 
March 31, 2018
 
June 30, 2017
 
Furniture and fixtures
 
 
5 - 7 years
 
$
118,450
 
$
118,450
 
Lab equipment
 
 
3 - 15 years
 
 
3,951,855
 
 
3,946,040
 
Leasehold Improvements
 
 
5 - 7 years
 
 
3,247,038
 
 
3,247,038
 
 
 
 
 
 
 
7,317,343
 
 
7,311,528
 
Less: accumulated depreciation and amortization
 
 
 
 
 
(2,786,300)
 
 
(1,986,127)
 
 
 
 
 
 
$
4,531,043
 
$
5,325,401