3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Segment information by geographic areas

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
Net sales:	2016		2015		2016		2015
United States	$	14,145,611	$	6,999,431	$	39,616,528	$	26,725,077
Caribbean and South America		699		–		100,699		1,415,052
Europe, the Middle East and Africa (“EMEA”)		–		3,154,126		6,485,441		4,517,524
Asia		–		21,285		55,589		3,627,953
Totals	$	14,146,310	$	10,174,842	$	46,258,257	$	36,285,606

Long-lived assets, net (property and equipment and intangible assets):	March 31, 2016		June 30, 2015
United States	$	1,089,842	$	785,144
Asia		393,530		571,629
Totals	$	1,483,372	$	1,356,773

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	5 years or life of the lease, whichever is shorter

Intangible Assets

The definite lived intangible assets consisted of the following as of March 31, 2016:

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		–		281,714		281,714		–
Complete technology	3 years		–		361,249		361,249		–
Complete technology	3 years		–		174,009		174,009		–
Complete technology	3 years		–		909,962		909,962		–
Complete technology	3 years		1.0 years		65,000		43,333		21,667
Complete technology	3 years		1.8 years		2,402		1,001		1,401
Complete technology	3 years		2.0 years		6,405		2,135		4,270
Supply and development agreement	8 years		1.6 years		1,121,000		910,813		210,187
Technology in progress	Not Applicable		–		135,000		–		135,000
Software	5 years		1.5 years		214,332		192,308		22,024
Patents	10 years		7.3 years		58,390		2,207		56,183
Certifications and licenses	3 years		2.3 years		2,472,359		1,697,898		774,461
Total as of March 31, 2016				$	7,809,505	$	6,584,312	$	1,225,193

The definite lived intangible assets consisted of the following as of June 30, 2015:

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		–		281,714		281,714		–
Complete technology	3 years		–		361,249		361,249		–
Complete technology	3 years		0.3 years		174,009		159,508		14,501
Complete technology	3 years		0.5 years		909,962		733,025		176,937
Complete technology	3 years		1.8 years		65,000		27,083		37,917
Complete technology	3 years		2.5 years		2,402		400		2,002
Complete technology	3 years		2.8 years		6,405		534		5,871
Supply and development agreement	8 years		2.3 years		1,121,000		805,719		315,281
Technology in progress	Not Applicable		–		–		–		–
Software	5 years		1.1 years		197,418		158,284		39,134
Patents	10 years		6.8 years		57,655		1,005		56,650
Certifications and licenses	3 years		0.4 years		1,783,561		1,389,573		393,988
Total as of June 30, 2015				$	6,968,058	$	5,925,777	$	1,042,281