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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Segment information by geographic areas |
Segment information by geographic areas |  |  |  |  |  |  |  |
|  | Three Months Ended |  | Six Months Ended
|  | December 31, |  | December 31,
Net sales: |  | 2021 |  | 2020 |  | 2021 |  | 2020
North America |  | $ | 1,284,850 |  |  | $ | 66,229,782 |  |  | $ | 4,456,048 |  |  | $ | 128,798,920 |
Caribbean and South America |  |  | 2,375 |  |  |  | 17,500 |  |  |  | 2,375 |  |  |  | 17,500 |
Asia |  |  | 534,364 |  |  |  | 296 |  |  |  | 707,226 |  |  |  | 608 |
Totals |  | $ | 1,821,589 |  |  | $ | 66,247,578 |  |  | $ | 5,165,649 |  |  | $ | 128,817,028 |
Long lived assets by geographic area |
Long lived assets by geographic area |  |  |  |
Long-lived assets, net (property and equipment and intangible assets): |  | December 31, 2021 |  | June 30, 2021
North America |  | $ | 1,541,039 |  |  | $ | 1,349,320 |
Asia |  |  | 63,665 |  |  |  | 49,040 |
Totals |  | $ | 1,604,704 |  |  | $ | 1,398,360 |
Schedule of receivables |
Schedule of receivables |  |  |  |
|  |  | December 31, 2021 |  |  |  | June 30, 2021 |
Accounts Receivable |  | $ | 1,223,226 |  |  | $ | 2,542,429 |
Useful lives of property and equipment |
Schedule of contract liabilities |  |  |  |  |  |  |  |
|  |  | December 31, 2021 |  |  |  | June 30, 2021 |
Undelivered products |  | $ | 530,551 |  |  | $ | 140,000 |
Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of measurement in Topic 606. At contract inception, we assess the products and services promised in our contracts with customers. We then identify performance obligations to transfer distinct products or services to the customer. In order to identify performance obligations, we consider all the products or services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. Our performance obligations are primarily satisfied at a point in time. Revenue from products transferred to customers at a single point in time accounted for 99.9% of net sales for the six months ended December 31, 2021. Revenue recognized over a period of time for non-recurring engineering projects is based on the percent complete of a project and accounted for 0.1% of net sales for the six months ended December 31, 2021. The majority of our revenue recognized at a point in time is for the sale of hotspot router products. Revenue from these contracts is recognized when the customer is able to direct the use of and obtain substantially all of the benefits from the product which generally coincides with title transfer at completion of the shipping process. As of December 31, 2021, our contracts do not contain any unsatisfied performance obligations, except for undelivered products.
Useful lives of property and equipment |
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

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
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