Property and Equipment |
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| Property and Equipment | Note 5 – Property and Equipment Property and equipment, stated at cost, less accumulated depreciation consisted of the following:
Depreciation expense for the years ended June 30, 2026 and 2025 was $517,016 and $735,536 respectively. During the year ended June 30, 2026, the Company retired and removed from its property and equipment accounts approximately $403,438 of fully depreciated equipment that were no longer in service. Because these assets were fully depreciated, no gain or loss was recognized upon their retirement. There was no impact on the Company’s statements of operations or cash flows. |
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