Annual report pursuant to Section 13 and 15(d)

Equipment and Improvements

v2.4.0.8
Equipment and Improvements
12 Months Ended
Jun. 30, 2013
Equipment And Improvements  
Equipment and Improvements
3. Equipment and
Improvements
Major classes of equipment and improvements consist of the following:

 

June 30,   2013   2012
         
Furniture and equipment   $ 542,301     $ 518,761  
Leasehold improvements     375,012       375,012  
      917,313       893,773  
Accumulated depreciation and amortization     (753,244 )     (708,070 )
    $ 164,069     $ 185,703  

 

  Depreciation and amortization of equipment and improvements amounted to $45,175 and $36,535 for the years ended June 30, 2013 and 2012, respectively.