XML 26 R15.htm IDEA: XBRL DOCUMENT v3.6.0.2

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Segment information by geographic areas

		Three Months Ended								Six Months Ended
		December 31,								December 31,
		2016				2015				2016				2015
Net sales:
United States		$	14,013,785			$	15,360,582			$	26,536,435			$	25,470,917
Caribbean and South America			157,500				7,000				157,500				100,000
Europe, the Middle East and Africa (“EMEA”)			160,911				4,743,238				289,014				6,485,441
Asia			20,766				52,661				74,487				55,589
Totals		$	14,352,962			$	20,163,481			$	27,057,436			$	32,111,947

		December 31, 2016				June 30, 2016
Long-lived assets, net (property and equipment and intangible assets):
United States		$	1,096,803			$	1,113,746
Asia			224,119				330,905
Totals		$	1,320,922			$	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	5 years or life of the lease, whichever is shorter

Intangible Assets

The definite lived intangible assets consisted of the following as of December 31, 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		0.3 years			65,000				59,583				5,417
Complete technology		3 years		1.0 years			2,402				1,601				801
Complete technology		3 years		1.3 years			6,405				3,736				2,669
Complete technology		3 years		3.0 years			18,397				–				18,397
Supply and development agreement		8 years		0.8 years			1,121,000				1,015,906				105,094
Technology in progress		Not Applicable		–			249,047				–				249,047
Software		5 years		–			214,398				214,398				–
Patents		10 years		9.4 years			58,391				3,699				54,692
Certifications and licenses		3 years		1.5 years			2,561,513				1,931,372				630,140
Total as of December 31, 2016						$	8,031,169			$	6,964,912			$	1,066,257

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

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