Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.7.0.1
Property and Equipment, Net
9 Months Ended
Mar. 31, 2017
Property and Equipment, Net [Abstract]  
PROPERTY and EQUIPMENT, net
NOTE 4   PROPERTY and EQUIPMENT, net

 

Property and equipment consists of the following:

 

    March 31,
2017
    June 30,
2016
 
             
Furniture and fixtures   $ 12,492     $ 12,492  
Computer equipment     39,180       39,180  
Equipment     4,493       4,493  
      56,165       56,165  
Less accumulated depreciation     (36,304 )     (29,429 )
Total   $ 19,861     $ 26,736  

 

The aggregate depreciation charge to operations was $2,292 and $-0- and $6,875 and $ -0- for the three and nine months ended March 31, 2017 and 2016, respectively. The depreciation policies followed by the Company are described in Note 1.