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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
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