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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Segment information by geographic areas
    Fiscal Year Ended June 30,  
Net sales:   2018     2017  
United States   $ 29,235,011     $ 47,373,463  
Caribbean and South America     238,970       252,000  
Europe, the Middle East and Africa ("EMEA")     335,845       796,795  
Asia     256,007       143,266  
Totals   $ 30,065,833     $ 48,565,524  

 

Long-lived assets, net (property and equipment and intangible assets):   June 30, 2018     June 30, 2017  
United States   $ 1,073,640     $ 1,209,050  
Asia     47,140       120,367  
Totals   $ 1,120,780     $ 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
Intangible Assets

The definite lived intangible assets consisted of the following as of June 30, 2018:

 

Definite lived intangible assets:   Expected Life  

Average

Remaining

life

 

Gross

Intangible

Assets

   

Accumulated

Amortization

   

Net Intangible

Assets

 
Complete technology   3 years   3.0 years     18,397             18,397  
Technology in progress   Not Applicable   -     100,000             100,000  
Software   5 years   2.7 years     323,295       238,487       84,808  
Patents   10 years   7.0 years     58,391       6,683       51,708  
Certifications & licenses   3 years   1.9 years     3,250,061       2,508,266       741,795  
Total as of June 30, 2018           $ 3,750,144     $ 2,753,436     $ 996,708  

 

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  
Schedule of Expected Amortization Expense
    FY2019     FY2020     FY2021     FY2022     FY2023     Thereafter  
Total   $ 437,845     $ 280,924     $ 97,706     $ 27,274     $ 26,929     $ 126,030