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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

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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