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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Schedule of Revenue by Major Customers

The following table summarizes accounts receivable concentrations:

		As of  June 30,
		2016				2015
Customer A				*			13	%

Schedule of Concentration of Risk

The following table summarizes vendor concentrations:

		Year Ended June 30,
		2016				2015
Vendor A			16	%			19	%
Vendor B			12	%				*
Vendor C				*			10	%

* Less than 10%

Schedule Of Foreign Currency Exchange Rate

The following table summarizes the exchange rates used:

		Year Ended
		June 30,
		2016			2015
Period end Euro : US Dollar exchange rate			1.11			1.11
Average period Euro : US Dollar exchange rate			1.11			1.20
Period end Mexican Peso : US Dollar exchange rate			0.05			0.06
Average period Mexican Peso : US Dollar exchange rate			0.06			0.07

Schedule of Earnings Per Share, Basic and Diluted

The calculation of basic and diluted net income (loss) per share is presented below:

		Year Ended
		June 30,
		2016			2015
Numerator:
Loss from continuing operations		$	(497,858)		$	(542,185)
Income (loss) from discontinued operations			-			1,316,404
Net income (loss)		$	(497,858)		$	774,219
Denominator:
Weighted average shares outstanding (basic)			17,769,827			17,445,812
Effect of dilutive unvested restricted common stock			-			507,915
Effect of dilutive stock options and warrants			-			8,430
Weighted average shares outstanding (diluted)			17,769,827			17,962,157
Income (loss) per share from continuing operations:
Basic		$	(0.03)		$	(0.03)
Diluted		$	(0.03)		$	(0.03)
Income (loss) per share from discontinued operations:
Basic		$	-		$	0.07
Diluted		$	-		$	0.07
Net income (loss) per share:
Basic		$	(0.03)		$	0.04
Diluted		$	(0.03)		$	0.04

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Tabular disclosure of all significant concentrations of risk, including credit risk and market risk, arising from all financial instruments (as defined), whether from an individual counterparty or groups of counterparties. The disclosure concerning concentrations of risk may consist of the following information: (1) for concentrations of credit risk disclosure may include: (a) information about the (shared) activity, region, or economic characteristic that identifies the concentration, (b) the maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the entity would incur if parties to the financial instruments that make up the concentration failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the entity, (c) the policy of requiring collateral or other security to support financial instruments subject to credit risk, information about the entity's access to that collateral or other security, and the nature and a brief description of the collateral or other security supporting those financial instruments, and (d) the policy of entering into master netting arrangements to mitigate the credit risk of financial instruments, information about the arrangements for which the entity is a party, and a brief description of the terms of those arrangements, including the extent to which they would reduce the entity's maximum amount of loss due to credit risk and (2) for disclosure of quantitative information about the market risks of financial instruments that is consistent with the way the company manages or adjusts those risks, disclosure may include: (a) more details about current positions and perhaps activity during the period, (b) the hypothetical effects on comprehensive income (or net assets), or annual income, of several possible changes in market prices, (c) a gap analysis of interest rate re-pricing or maturity dates, (d) the duration of the financial instruments, (e) the entity's value at risk from derivatives and from other positions at the end of the reporting period and the average value at risk during the year, or (f) other ways of reporting quantitative information as internally developed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13531-108611

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13587-108611

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-Name Accounting Standards Codification
-Topic 825
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Tabular disclosure of the U.S. dollar denominated balances, balances reported for financial reporting purposes and the differences between the two balances by each relevant line item on the financial statements.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

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-Publisher FASB
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Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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