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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Segment Reporting

   Fiscal Year Ended June 30, 
Net sales:   2014    2013 
United States  $18,036,635   $29,978,319 
Caribbean and South America   2,109,320    1,648,452 
Europe, the Middle East and Africa ("EMEA")   3,789,414     
Asia   7,017,528    1,123,483 
Totals  $30,952,897   $32,750,254 

 

Long-lived assets, net:  June 30, 2014   June 30, 2013 
United States  $1,786,910   $2,595,094 
Asia   837,371    1,109,876 
Totals  $2,624,281   $3,704,970 

 

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 June 30, 2014:

 

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  0.5 years   281,714    245,169    36,545 
Complete technology  3 years  1.0 years   361,249    270,949    90,300 
Complete technology  3 years  1.3 years   174,009    101,505    72,504 
Complete technology  3 years  1.5 years   909,962    429,704    480,258 
Complete technology  3 years  2.8 years   65,000    5,417    59,583 
Supply and development agreement  8 years  3.3 years   1,121,000    665,594    455,406 
Technology In progress  Not Applicable  -   39,545        39,545 
Software  5 years  2.1 years   196,795    115,173    81,622 
Patents  10 years  7.8 years   52,543    761    51,782 
Certifications & licenses  3 years  1.4 years   1,618,401    860,130    758,271 
Total as of June 30, 2014        $6,827,901   $4,702,085   $2,125,816 

 

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 
Patents  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 

 

Schedule of Expected Amortization Expense
   FY2015   FY2016   FY2017   FY2018   FY2019   Thereafter 
Total  $1,247,223   $629,829   $177,715   $40,286   $5,254   $25,509