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Inventories - net | 12 Months Ended
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Jun. 30, 2016
Inventory Disclosure [Abstract] |
Inventories - net |
3. | Inventories – net
The components of inventories include the following:
|  | June 30, 2016 |  | June 30, 2015
Raw materials |  | $ | 1,791,791 |  |  | $ | 1,730,153 |
Work in process |  |  | 1,269,539 |  |  |  | 919,444 |
Finished goods |  |  | 1,171,343 |  |  |  | 812,643 |
Reserve for obsolescence |  |  | (395,864 | ) |  |  | (280,863 | )
|  | $ | 3,836,809 |  |  | $ | 3,181,377 |
During fiscal 2016 and 2015, the Company evaluated all reserved items and disposed of $24,590 and $85,261, respectively, of inventory parts and wrote them off against the reserve for obsolescence. The value of tooling in raw materials was approximately $1.16 million at June 30, 2016 and approximately $1.06 million at June 30, 2015.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
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