FURNITURE, FIXTURES AND EQUIPMENT
 12 Months Ended
Jun. 30, 2012
FURNITURE, FIXTURES AND EQUIPMENT [Abstract]  
FURNITURE, FIXTURES AND EQUIPMENT

5.

FURNITURE, FIXTURES AND EQUIPMENT


Furniture, fixtures and equipment consisted of the following as of June 30, 2012 and 2011:


                   

 

Estimated

  

June 30,

 

 

Useful Life

  

2012

    

2011

  

 

 

 

 

 

 

 

 

Equipment

3 - 5 years

 

$

69,538

 

 

$

58,783

 

Storage facilities

3 years

 

 

19,717

 

 

 

19,717

 

Vehicles

5 - 7 years

 

 

189,897

 

 

 

170,961

 

Furniture and fixtures

5 years

 

 

20,420

 

 

 

19,853

 

 

 

 

 

299,572

 

 

 

269,314

 

Accumulated depreciation

 

 

 

(110,793

)

 

 

(59,492

)

 

 

 

$

188,779

 

 

$

209,822

 


Depreciation expense in 2012 and 2011 was $51,301 and $15,269, respectively.