NOTE 1 - BASIS OF PRESENTATION: Property and Equipment (Policies) |
12 Months Ended |
|---|---|
Jun. 30, 2022 | |
| Policies | |
| Property and Equipment | Property and Equipment
Property and equipment are recorded at cost and are depreciated or amortized using the straight-line method over the expected useful lives, which range from three to five years. Leasehold improvements are amortized using the straight-line method over the lesser of the estimated useful lives of the assets or the related lease terms. Depreciation expense for the years ended June 30, 2022 and 2021 was $770 and $816, respectively. Expenditures for normal maintenance and routine repairs are charged to expense, and significant improvements are capitalized. The cost and related accumulated depreciation of assets are removed from the accounts upon retirement or other disposition; any resulting gain or loss is reflected in the statement of operations. |