XML 29 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

Segment information by geographic areas

		Fiscal Year Ended June 30,
Net sales:		2017				2016
United States		$	47,373,463			$	51,741,991
Caribbean and South America			252,000				100,699
Europe, the Middle East and Africa ("EMEA")			796,795				7,906,900
Asia			143,266				55,104
Totals		$	48,565,524			$	59,804,694

Long-lived assets, net (property and equipment and intangible assets):		June 30, 2017				June 30, 2016
United States		$	1,209,050			$	1,113,746
Asia			120,367				330,905
Totals		$	1,329,417			$	1,444,651

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 improvements		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, 2017:

Definite lived intangible assets:		Expected Life		Average Remaining life				Gross Intangible Assets				Accumulated Amortization				Net Intangible Assets
Complete technology		3 years			–			$	3,799,617			$	3,799,617			$	–
Complete technology		3 years			0.5 years				2,402				2,002				400
Complete technology		3 years			0.7 years				6,405				4,804				1,601
Complete technology		3 years			3.0 years				18,397				–				18,397
Supply and development agreement		8 years			0.3 years				1,121,000				1,085,969				35,031
Technology in progress		Not Applicable			–				360,148				–				360,148
Software		5 years			2.7 years				239,398				216,829				22,569
Patents		10 years			7.0 years				58,391				4,693				53,698
Certifications & licenses		3 years			1.9 years				2,698,526				2,080,895				617,631
Total as of June 30, 2017								$	8,304,284			$	7,194,809			$	1,109,475

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			–			$	3,734,617			$	3,734,617			$	–
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

Schedule of Expected Amortization Expense

				FY2018				FY2019				FY2020				FY2021				FY2022				Thereafter
	Total			$	465,480			$	330,187			$	187,328			$	16,990			$	16,990			$	92,500

X

- Definition

Schedule of property and equipment estimated useful life

+ References

No definition available.

+ Details

Name:	FKWL_ScheduleOfPropertyAndEquipmentEstimatedUsefulLife
Namespace Prefix:	FKWL_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration