Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets (Tables)

v3.3.1.900
Fixed Assets (Tables)
6 Months Ended
Dec. 31, 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
 
December 31, 2015
 
June 30, 2015
 
Furniture and fixtures
 
5 - 7 years
 
$
62,730
 
$
55,330
 
Lab equipment
 
3 - 15 years
 
 
2,994,428
 
 
889,671
 
Lab equipment (not yet placed in service)
 
3 - 15 years
 
 
228,350
 
 
1,371,441
 
Leasehold improvements
 
3 - 7 years
 
 
3,143,797
 
 
29,296
 
Construction in process
 
-
 
 
-
 
 
2,315,803
 
 
 
 
 
 
6,429,305
 
 
4,661,541
 
Less: accumulated depreciation and amortization
 
 
 
 
(355,825)
 
 
(136,629)
 
 
 
 
 
$
6,073,480
 
$
4,524,912