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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jun. 30, 2014
Accounting Policies [Abstract] |
Segment Reporting |
|  | Fiscal Year Ended June 30, |
Net sales: |  |  | 2014 |  |  |  | 2013 |
United States |  | $ | 18,036,635 |  |  | $ | 29,978,319 |
Caribbean and South America |  |  | 2,109,320 |  |  |  | 1,648,452 |
Europe, the Middle East and Africa ("EMEA") |  |  | 3,789,414 |  |  |  | – |
Asia |  |  | 7,017,528 |  |  |  | 1,123,483 |
Totals |  | $ | 30,952,897 |  |  | $ | 32,750,254 |
Long-lived assets, net: |  | June 30, 2014 |  |  | June 30, 2013 |
United States |  | $ | 1,786,910 |  |  | $ | 2,595,094 |
Asia |  |  | 837,371 |  |  |  | 1,109,876 |
Totals |  | $ | 2,624,281 |  |  | $ | 3,704,970 |
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 | The definite lived intangible assets consisted of the following as of June 30, 2014:
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 |  | 0.5 years |  |  | 281,714 |  |  |  | 245,169 |  |  |  | 36,545 |
Complete technology |  | 3 years |  | 1.0 years |  |  | 361,249 |  |  |  | 270,949 |  |  |  | 90,300 |
Complete technology |  | 3 years |  | 1.3 years |  |  | 174,009 |  |  |  | 101,505 |  |  |  | 72,504 |
Complete technology |  | 3 years |  | 1.5 years |  |  | 909,962 |  |  |  | 429,704 |  |  |  | 480,258 |
Complete technology |  | 3 years |  | 2.8 years |  |  | 65,000 |  |  |  | 5,417 |  |  |  | 59,583 |
Supply and development agreement |  | 8 years |  | 3.3 years |  |  | 1,121,000 |  |  |  | 665,594 |  |  |  | 455,406 |
Technology In progress |  | Not Applicable |  | - |  |  | 39,545 |  |  |  | – |  |  |  | 39,545 |
Software |  | 5 years |  | 2.1 years |  |  | 196,795 |  |  |  | 115,173 |  |  |  | 81,622 |
Patents |  | 10 years |  | 7.8 years |  |  | 52,543 |  |  |  | 761 |  |  |  | 51,782 |
Certifications & licenses |  | 3 years |  | 1.4 years |  |  | 1,618,401 |  |  |  | 860,130 |  |  |  | 758,271 |
Total as of June 30, 2014 |  |  |  |  |  | $ | 6,827,901 |  |  | $ | 4,702,085 |  |  | $ | 2,125,816 |
The definite lived intangible assets consisted of the following as of June 30, 2013:
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 |
Patents |  | 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 |
Schedule of Expected Amortization Expense |
|  | FY2015 |  |  | FY2016 |  |  | FY2017 |  |  | FY2018 |  |  | FY2019 |  |  | Thereafter |
Total |  | $ | 1,247,223 |  |  | $ | 629,829 |  |  | $ | 177,715 |  |  | $ | 40,286 |  |  | $ | 5,254 |  |  | $ | 25,509 |

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