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Inventories

6 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

Inventories

4. Inventories

The components of inventories include the following:

		December 31, 2017				June 30, 2017
Raw materials		$	2,452,337			$	2,282,880
Work in process			1,996,277				1,654,653
Finished goods			2,189,238				1,904,497
Reserve for obsolescence			(823,494	)			(767,454	)
		$	5,814,358			$	5,074,576

The value of tooling in raw materials was approximately $1.6 million at both December 31, 2017 and June 30, 2017.

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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 330
-URI http://asc.fasb.org/topic&trid=2126998

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