ACCRUED LIABILITIES (Notes)

12 Months Ended

Jun. 30, 2014

Accrued Liabilities, Current [Abstract]

ACCRUED LIABILITIES

Accrued liabilities for the years ended June 30, 2014 and 2013 are as follows:



	2014		2013
Legal and professional fees	$	79,900	$	2,234,584
Customer credit balances	1,988,052		—
Cooperative advertising and promotion allowances	750,433		622,695
Accrued severance	123,720		—
Accrued returns	89,663		179,723
Product warranty obligations	385,852		371,500
Interest	—		53,692
Employee benefits	129,518		131,905
Management bonuses and profit-sharing	37,500		845,762
Sales commissions and bonuses	148,278		197,914
Other	120,557		67,679
	3,853,473		$	4,705,454

Customer credit balances relate to customer returns in process as of year ended June 30, 2014. These credit balances will be refunded to customers in the year ended June 30, 2015 if there are not sufficient new sales with those customers to offset the credit balances. Accrued severance relates to the suspension of operations at the facility in Juarez, Mexico.