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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Segment information by geographic areas

		Three Months Ended
		September 30,
Net sales:		2016				2015
United States		$	12,522,650			$	10,110,335
Caribbean and South America			–				93,000
Europe, the Middle East and Africa (“EMEA”)			128,103				1,742,203
Asia			53,721				2,928
Totals		$	12,704,474			$	11,948,466

Long-lived assets, net (property and equipment and intangible assets):		September 30, 2016				June 30, 2016
United States		$	1,136,047			$	1,113,745
Asia			268,857				330,905
Totals		$	1,404,904			$	1,444,650

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 September 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		0.5 years			65,000				54,167				10,833
Complete technology		3 years		1.3 years			2,402				1,401				1,001
Complete technology		3 years		1.5 years			6,405				3,203				3,202
Complete technology		3 years		3.0 years			18,397				–				18,397
Supply and development agreement		8 years		1.0 years			1,121,000				980,875				140,125
Technology in progress		Not Applicable		–			207,500				–				207,500
Software		5 years		1.1 years			214,398				212,887				1,511
Patents		10 years		6.8 years			58,391				3,203				55,188
Certifications and licenses		3 years		2.4 years			2,549,012				1,859,704				689,308
Total as of September 30, 2016						$	7,977,122			$	6,850,057			$	1,127,065

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

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