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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Segment information by geographic areas

   Three Months Ended   Six Months Ended 
   December 31,   December 31, 
  2017   2016   2017   2016 
Net sales:                    
United States  $8,136,551   $14,013,785   $15,399,296   $26,536,435 
Caribbean and South America   149,970    157,500    234,970    157,500 
Europe, the Middle East and Africa (“EMEA”)   2,336    160,911    194,222    289,014 
Asia   62,826    20,766    168,124    74,487 
Totals  $8,351,683   $14,352,962   $15,996,612   $27,057,436 

 

 

   December 31, 2017   June 30, 2017 
Long-lived assets, net (property and equipment and intangible assets):          
United States  $1,238,805   $1,209,050 
Asia   64,659    120,367 
Totals  $1,303,464   $1,329,417 
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
Schedule of Intangible Assets

The definite lived intangible assets consisted of the following as of December 31, 2017:

 

Definite lived intangible assets:  Expected Life 

Average

Remaining

life

 

Gross

Intangible

Assets

  

Accumulated

Amortization

  

Net Intangible

Assets

 
Complete technology  3 years  0.1 years   6,405    5,871    534 
Complete technology  3 years  3.0 years   18,397        18,397 
Technology in progress  Not Applicable     121,420        121,420 
Software  5 years  3.3 years   277,906    224,563    53,343 
Patents  10 years  6.5 years   58,391    5,689    52,702 
Certifications & licenses  3 years  1.6 years   3,161,739    2,282,019    879,720 
Total as of December 31, 2017        $3,644,258   $2,518,142   $1,126,116 

 

The definite lived intangible assets consisted of the following as of June 30, 2017:

 

Definite lived intangible assets:  Expected Life 

Average

Remaining

life

 

Gross

Intangible

Assets

  

Accumulated

Amortization

  

Net Intangible

Assets

 
Complete technology  3 years  0.5 years   2,402    2,002    400 
Complete technology  3 years  0.7 years   6,405    4,804    1,601 
Complete technology  3 years  3.0 years   18,397        18,397 
Supply and development agreement  8 years  0.3 years   1,121,000    1,085,969    35,031 
Technology in progress  Not Applicable  -   360,148        360,148 
Software  5 years  2.7 years   239,398    216,829    22,569 
Patents  10 years  7.0 years   58,391    4,693    53,698 
Certifications & licenses  3 years  1.9 years   2,698,526    2,080,895    617,631 
Total as of June 30, 2017        $4,504,667   $3,395,192   $1,109,475