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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Segment information by geographic areas

		Fiscal Year Ended June 30,
Net sales:		2016				2015
United States		$	51,741,991			$	36,710,081
Caribbean and South America			100,699				1,416,052
Europe, the Middle East and Africa ("EMEA")			7,906,900				4,578,970
Asia			55,104				3,639,130
Totals		$	59,804,694			$	46,344,233

Long-lived assets, net (property and equipment and intangible assets):		June 30, 2016				June 30, 2015
United States		$	1,113,745			$	785,144
Asia			330,905				571,629
Totals		$	1,444,650			$	1,356,773

Useful lives of 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 or life of the lease, whichever is shorter

Intangible Assets

The definite lived intangible assets consisted of the following as of June 30, 2016:

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		-			281,714				281,714				–
Complete technology		3 years		-			361,249				361,249				–
Complete technology		3 years		-			174,009				174,009				–
Complete technology		3 years		-			909,962				909,962				–
Complete technology		3 years		0.8 years			65,000				48,750				16,250
Complete technology		3 years		1.5 years			2,402				1,201				1,201
Complete technology		3 years		1.8 years			6,405				2,669				3,736
Complete technology		3 years		3.0 years			18,397				–				18,397
Supply and development agreement		8 years		1.2 years			1,121,000				945,844				175,156
Technology in progress		Not Applicable		-			157,492				–				157,492
Software		5 years		1.3 years			214,398				203,941				10,457
Patents		10 years		7.0 years			58,391				2,705				55,686
Certifications & licenses		3 years		2.0 years			2,472,359				1,783,847				688,512
Total as of June 30, 2016						$	7,850,461			$	6,723,574			$	1,126,887

The definite lived intangible assets consisted of the following as of June 30, 2015:

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		-			281,714				281,714				–
Complete technology		3 years		-			361,249				361,249				–
Complete technology		3 years		0.3 years			174,009				159,508				14,501
Complete technology		3 years		0.5 years			909,962				733,025				176,937
Complete technology		3 years		1.8 years			65,000				27,083				37,917
Complete technology		3 years		2.5 years			2,402				400				2,002
Complete technology		3 years		2.8 years			6,405				534				5,871
Supply and development agreement		8 years		2.3 years			1,121,000				805,719				315,281
Technology in progress		Not Applicable		-			–				–				–
Software		5 years		1.1 years			197,418				158,284				39,134
Patents		10 years		6.8 years			57,655				1,005				56,650
Certifications & licenses		3 years		0.4 years			1,783,561				1,389,573				393,988
Total as of June 30, 2015						$	6,968,058			$	5,925,777			$	1,042,281

Schedule of Expected Amortization Expense

		FY2017				FY2018				FY2019				FY2020				FY2021				Thereafter
Total		$	563,403			$	447,723			$	64,469			$	18,963			$	5,839			$	26,490

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