Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets (Tables)

v3.3.0.814
Fixed Assets (Tables)
3 Months Ended
Sep. 30, 2015
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
 
September 30, 2015
 
June 30, 2015
 
Furniture and fixtures
 
 
5 - 7 years
 
$
62,730
 
$
55,330
 
Lab equipment
 
 
3 - 15 years
 
 
2,563,517
 
 
889,671
 
Lab equipment (not yet placed in service)
 
 
3 - 15 years
 
 
368,505
 
 
1,371,441
 
Leasehold improvements
 
 
3 - 7 years
 
 
29,296
 
 
29,296
 
Construction in process
 
 
-
 
 
2,677,675
 
 
2,315,803
 
 
 
 
 
 
 
5,701,723
 
 
4,661,541
 
Less: accumulated depreciation and amortization
 
 
 
 
 
(205,601)
 
 
(136,629)
 
 
 
 
 
 
$
5,496,122
 
$
4,524,912