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Inventories

9 Months Ended

Mar. 31, 2017

Inventory Disclosure [Abstract]

Inventories

4. Inventories

The components of inventories include the following:

		March 31, 2017				June 30, 2016
Raw materials		$	2,142,830			$	1,791,791
Work in process			1,642,236				1,269,539
Finished goods			2,106,644				1,171,343
Reserve for obsolescence			(808,360	)			(395,864	)
		$	5,083,350			$	3,836,809

The value of tooling in raw materials was approximately $1.43 million at March 31, 2017 and approximately $1.16 million at June 30, 2016.

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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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