Annual report pursuant to Section 13 and 15(d)

Equipment and Improvements

v3.2.0.727
Equipment and Improvements
12 Months Ended
Jun. 30, 2015
Equipment and Improvements [Abstract]  
Equipment and Improvements
3. Equipment and
    Improvements
Major classes of equipment and improvements consist of the following:
June 30,   2015   2014
         
Furniture and equipment   $ 451,069     $ 583,245  
Leasehold improvements     434,869       399,179  
      885,938       982,424  
Accumulated depreciation and amortization     (697,695 )     (800,795 )
    $ 188,243     $ 181,629  

 

  Depreciation and amortization of equipment and improvements amounted to $51,407 and $47,551 for the years ended June 30, 2015 and 2014, respectively. For the year ended June 30, 2015, the Company wrote off and disposed of $154,507 of fully depreciated equipment. There were no write-offs in fiscal 2014.