v3.25.2
Property and Equipment
12 Months Ended
Jun. 30, 2024
Property and Equipment  
Property and Equipment

Note 5. Property and Equipment

 

Property and equipment consist of the following:

 

 

 

June 30,

2024

 

 

June 30,

2023

 

Furniture and fixtures

 

$127,050

 

 

$172,663

 

Computer equipment

 

 

112,397

 

 

 

156,283

 

Internal use software

 

 

570,645

 

 

 

608,949

 

Manufacturing equipment

 

 

1,927,974

 

 

 

3,325,525

 

Leasehold improvements

 

 

767,418

 

 

 

-

 

Building

 

 

4,005,516

 

 

 

4,611,248

 

Vehicles

 

 

89,359

 

 

 

261,362

 

Property and equipment, gross

 

 

7,600,360

 

 

 

9,136,030

 

Less accumulated depreciation

 

 

(1,268,288 )

 

 

(1,693,407

)

Less building classified as available for sale

 

 

(4,005,516 )

 

 

(4,611,248 )

 

 

$2,356,556

 

 

$

2,831,375

 

 

Depreciation expense for the years ended June 30, 2024 and 2023 was $1,268,355 and $913,246, respectively.