XML 39 R28.htm IDEA: XBRL DOCUMENT v3.20.2
3. Summary of Significant Accounting Policies (Details Narrative) - USD ($)
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Jun. 30, 2020
Noncontrolling interest $ 1,039,103   $ 782,015
Allowance for doubtful accounts 93,151   0
Capitalized product development costs 140,193   140,193
Product development costs incurred 78,342 $ 348,668  
Research and development costs 978,392 895,512  
Warranty expense 0 0  
Shipping and handling expense 1,521,459 848,761  
Inventory reserve 399,437   399,437
Goodwill impairment 0 0  
Amortization expense 127,640 86,136  
Unrecognized tax benefits 0   0
Income tax provisions 2,000,734 60,974  
Decrease in deferred tax asset (84,871) (11,175)  
Products purchased 50,898,219 6,849,763  
Accounts payable 44,850,184   42,083,255
Operating lease right-of-use assets 1,047,019   1,139,670
Operating lease liabilities 1,088,870    
Shipping and Handling [Member]      
Shipping and handling expense $ 282,066 $ 173,108  
Sales [Member] | Transferred At Point In Time [Member]      
Concentration of credit risk 99.90%    
Sales [Member] | Transferred Over Time [Member]      
Concentration of credit risk 0.10%    
Sales [Member] | Customer 1 [Member]      
Concentration of credit risk 48.00% 65.00%  
Sales [Member] | Customer 2 [Member]      
Concentration of credit risk 43.00% 11.00%  
Sales [Member] | Customer 3 [Member]      
Concentration of credit risk   11.00%  
Accounts Receivable [Member] | Customer 1 [Member]      
Concentration of credit risk 4.00% 65.00%  
Accounts Receivable [Member] | Customer 2 [Member]      
Concentration of credit risk 91.00% 10.00%  
Accounts Receivable [Member] | Customer 3 [Member]      
Concentration of credit risk   2.00%  
Purchases [Member] | Supplier Concentration Risk [Member]      
Concentration of credit risk 98.00% 92.00%  
Products purchased $ 41,210,624 $ 7,598,831  
Accounts payable $ 44,081,107   $ 7,994,460
Noncontrolling Interest [Member]      
Noncontrolling interest percentage 33.70%   33.70%