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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Segment information by geographic areas

The following table contains certain financial information by geographic area:

		Three Months Ended								Nine Months Ended
		March 31,								March 31,
Net sales:		2020				2019				2020				2019
United States		$	15,444,110			$	8,898,775			$	37,342,577			$	31,234,107
Europe, the Middle East and Africa (“EMEA”)			–				63,347				–				224,427
Asia			102,072				4,018				337,735				22,298
Totals		$	15,546,182			$	8,966,140			$	37,680,312			$	31,480,832

Long-lived assets, net (property and equipment, intangible assets, and right of use asset):		March 31, 2020				June 30, 2019
United States		$	1,436,258			$	1,209,159
Asia			45,587				32,631
Totals		$	1,481,845			$	1,241,790

Schedule of receivables

The balances of our trade receivables are as follows:

		March 31, 2020				June 30, 2019
Accounts Receivable		$	11,236,606			$	4,138,469

Schedule of contract liabilities

Our contract liabilities are as follows:

		March 31, 2020				June 30, 2019
Undelivered products		$	140,612			$	140,000

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

Schedule of Intangible Assets

The definite lived intangible assets consisted of the following as of March 31, 2020:

Definite lived intangible assets:		Expected Life		Average Remaining life				Gross Intangible Assets				Accumulated Amortization				Net Intangible Assets
Complete technology		3 years			2.0 years			$	18,397			$	6,132			$	12,265
Technology in progress		Not Applicable			–				140,192				–				140,192
Software		5 years			2.2 years				524,834				320,656				204,178
Patents		10 years			6.0 years				59,016				10,282				48,734
Certifications & licenses		3 years			1.1 years				4,037,669				3,182,931				854,738
Total as of March 31, 2020								$	4,780,108			$	3,520,001			$	1,260,107

The definite lived intangible assets consisted of the following as of June 30, 2019:

Definite lived intangible assets:		Expected Life		Average Remaining life				Gross Intangible Assets				Accumulated Amortization				Net Intangible Assets
Complete technology		3 years			3.0 years			$	18,397			$	–			$	18,397
Technology in progress		Not Applicable			–				465,352				–				465,352
Software		5 years			2.7 years				423,436				278,266				145,170
Patents		10 years			6.3 years				58,884				8,729				50,155
Certifications & licenses		3 years			0.8 years				3,319,461				2,888,624				430,837
Total as of June 30, 2019								$	4,285,530			$	3,175,619			$	1,109,911

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