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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jun. 30, 2013
Accounting Policies [Abstract] |
Segment Reporting |
|  | Fiscal Year Ended June 30, |
Net sales: |  | 2013 |  |  | 2012 |
United States |  | $ | 29,978,319 |  |  | $ | 13,851,066 |
Caribbean and South America |  |  | 1,648,452 |  |  |  | 6,450,174 |
Asia |  |  | 1,123,483 |  |  |  | 3,965,364 |
Totals |  | $ | 32,750,254 |  |  | $ | 24,266,604 |
Long-lived assets, net: |  | June 30, 2013 |  |  | June 30, 2012 |
United States |  | $ | 2,595,094 |  |  | $ | 706,065 |
Asia |  |  | 1,109,876 |  |  |  | 3,237,435 |
Totals |  | $ | 3,704,970 |  |  | $ | 3,943,500 |
Property and Equipment |
Machinery | 6 years
Office equipment | 5 years
Molds | 3 years
Vehicles | 5 years
Computers and software | 5 years
Furniture and fixtures | 7 years
Facilities | 5 years
Intangible Assets |
Definite lived intangible assets: |  | Expected Life |  | Average Remaining life |  |  | Gross Intangible Assets |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
Complete technology |  | 3 years |  |  | – |  |  | $ | 490,000 |  |  | $ | 490,000 |  |  | $ | – |
Complete technology |  | 3 years |  |  | – |  |  |  | 1,517,683 |  |  |  | 1,517,683 |  |  |  | – |
Complete technology |  | 3 years |  |  | 1.5 years |  |  |  | 281,714 |  |  |  | 151,264 |  |  |  | 130,450 |
Complete technology |  | 3 years |  |  | 2.0 years |  |  |  | 361,249 |  |  |  | 150,532 |  |  |  | 210,717 |
Complete technology |  | 3 years |  |  | 2.3 years |  |  |  | 174,009 |  |  |  | 43,502 |  |  |  | 130,507 |
Complete technology |  | 3 years |  |  | 2.5 years |  |  |  | 909,962 |  |  |  | 126,384 |  |  |  | 783,578 |
Supply and development agreement |  | 8 years |  |  | 4.3 years |  |  |  | 1,121,000 |  |  |  | 525,469 |  |  |  | 595,531 |
Technology In progress |  | Not Applicable |  |  | – |  |  |  | 32,500 |  |  |  | – |  |  |  | 32,500 |
Software |  | 5 years |  |  | 2.9 years |  |  |  | 169,595 |  |  |  | 75,965 |  |  |  | 93,630 |
Patent |  | 10 years |  |  | 8.7 years |  |  |  | 50,482 |  |  |  | 517 |  |  |  | 49,965 |
Certifications & licenses |  | 3 years |  |  | 2.2 years |  |  |  | 1,379,830 |  |  |  | 332,963 |  |  |  | 1,046,867 |
Total as of June 30, 2013 |  |  |  |  |  |  |  | $ | 6,488,024 |  |  | $ | 3,414,279 |  |  | $ | 3,073,745 |
The definite lived intangible assets consisted of the following as of June 30, 2012:
Definite lived intangible assets: |  | Expected Life |  | Average Remaining life |  |  | Gross Intangible Assets |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
Complete technology |  | 3 years |  |  | 0.3 years |  |  | $ | 490,000 |  |  | $ | 449,167 |  |  | $ | 40,833 |
Complete technology |  | 3 years |  |  | 0.8 years |  |  |  | 1,517,683 |  |  |  | 1,098,830 |  |  |  | 418,853 |
Complete technology |  | 3 years |  |  | 2.5 years |  |  |  | 281,714 |  |  |  | 46,952 |  |  |  | 234,762 |
Supply and development agreement |  | 8 years |  |  | 5.3 years |  |  |  | 1,121,000 |  |  |  | 385,344 |  |  |  | 735,656 |
Technology In progress |  | Not Applicable |  |  | – |  |  |  | 1,258,499 |  |  |  | – |  |  |  | 1,258,499 |
Software |  | 5 years |  |  | 3.3 years |  |  |  | 163,607 |  |  |  | 44,033 |  |  |  | 119,574 |
Patent |  | 10 years |  |  | 9.7 years |  |  |  | 11,944 |  |  |  | 289 |  |  |  | 11,655 |
Certifications & licenses |  | 3 years |  |  | 2.9 years |  |  |  | 701,622 |  |  |  | 5,942 |  |  |  | 695,680 |
Total as of June 30, 2012 |  |  |  |  |  |  |  | $ | 5,546,069 |  |  | $ | 2,030,557 |  |  | $ | 3,515,512 |
Schedule of Expected Amortization Expense |
|  |  | FY2014 |  |  | FY2015 |  |  | FY2016 |  |  | FY2017 |  |  | FY2018 |  |  | Thereafter |
| Total |  |  | $ | 1,225,514 |  |  | $ | 1,138,038 |  |  | $ | 500,216 |  |  | $ | 145,173 |  |  | $ | 40,079 |  |  | $ | 24,725 |

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