3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Segment Reporting

	Three Months Ended				Six Months Ended
	December 31,				December 31,
Net sales:	2013		2012		2013		2012
United States	$	4,002,728	$	5,063,619	$	5,082,241	$	17,015,711
Caribbean and South America		1,836,500		628		1,839,080		746,928
Europe, the Middle East and Africa (“EMEA”)		461,521		–		760,137		–
Asia		1,253,096		291,122		1,279,490		729,808
Totals	$	7,553,845	$	5,355,369	$	8,960,948	$	18,492,447

Long-lived assets, net:	December 31, 2013		June 30, 2013
United States	$	2,574,736	$	2,595,094
Asia		971,070		1,109,876
Totals	$	3,545,806	$	3,704,970

Schedule of estimated useful life, 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

Intangible Assets

The definite lived intangible assets consisted of the following as of December 31, 2013:

Definite lived intangible assets:	Expected Life	Average Remaining Life	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Complete technology	3 years	-	$	490,000	$	490,000	$	–
Complete technology	3 years	-		1,517,683		1,517,683		–
Complete technology	3 years	1.0 years		281,714		198,216		83,498
Complete technology	3 years	1.5 years		361,249		210,741		150,508
Complete technology	3 years	1.8 years		174,009		72,504		101,505
Complete technology	3 years	2.0 years		909,962		278,044		631,918
Supply and development agreement	8 years	3.8 years		1,121,000		595,531		525,469
Technology In progress	Not Applicable	–		65,000		–		65,000
Software	5 years	2.6 years		196,795		93,680		103,115
Patent	10 years	8.3 years		51,025		641		50,384
Certifications & licenses	3 years	1.9 years		1,818,398		568,171		1,250,227
Total as of December 31, 2013			$	6,986,835	$	4,025,211	$	2,961,624

The definite lived intangible assets consisted of the following as of June 30, 2013:

Definite lived intangible assets:	Expected Life	Average Remaining life	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Complete technology	3 years	-	$	490,000	$	490,000	$	–
Complete technology	3 years	-		1,517,683		1,517,683		–
Complete technology	3 years	1.5 years		281,714		151,264		130,450
Complete technology	3 years	2.0 years		361,249		150,532		210,717
Complete technology	3 years	2.3 years		174,009		43,502		130,507
Complete technology	3 years	2.5 years		909,962		126,384		783,578
Supply and development agreement	8 years	4.3 years		1,121,000		525,469		595,531
Technology In progress	Not Applicable	-		32,500		–		32,500
Software	5 years	2.9 years		169,595		75,965		93,630
Patent	10 years	8.7 years		50,482		517		49,965
Certifications & licenses	3 years	2.2 years		1,379,830		332,963		1,046,867
Total as of June 30, 2013			$	6,488,024	$	3,414,279	$	3,073,745