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Inventories

9 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

Inventories

3. Inventories

The components of inventories include the following:

		March 31, 2016				June 30, 2015
Raw materials		$	1,739,724			$	1,730,153
Work in process			1,263,004				919,444
Finished goods			991,075				812,643
Reserve for obsolescence			(319,815	)			(280,863	)
		$	3,673,988			$	3,181,377

The value of tooling in raw materials was approximately $1.13 million at March 31, 2016 and approximately $1.06 million at June 30, 2015.

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- References

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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

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