Annual report pursuant to Section 13 and 15(d)

Fixed Assets (Tables)

v3.5.0.2
Fixed Assets (Tables)
12 Months Ended
Jun. 30, 2016
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
 
June 30, 2016
 
June 30, 2015
 
Furniture and fixtures
 
5 - 7 years
 
$
62,730
 
$
55,330
 
Lab equipment
 
3 - 15 years
 
 
3,585,590
 
 
889,672
 
Lab equipment (not yet placed in service)
 
3 - 15 years
 
 
4,025
 
 
1,371,440
 
Leasehold Improvements
 
3 - 7 years
 
 
3,211,575
 
 
29,296
 
Construction in process
 
-
 
 
-
 
 
2,315,803
 
 
 
 
 
 
6,863,920
 
 
4,661,541
 
Less: accumulated depreciation and amortization
 
 
 
 
(879,250)
 
 
(136,629)
 
 
 
 
 
$
5,984,670
 
$
4,524,912