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INVENTORIES (Tables)

12 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

Schedule of Inventory, Current

The components of inventories at June 30, 2014 and 2013 were as follows:

		2014				2013
Raw materials		$	5,593,159			$	5,019,597
Finished goods		6,327,221				6,690,301
		11,920,380				11,709,898
Reserve for obsolete inventory		(4,865,448		)		(1,208,726		)
Total inventories		$	7,054,932			$	10,501,172

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 2

-Paragraph 6

-Subparagraph a,b,c

-Article 5

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