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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Segment information by geographic areas
    Three Months Ended  
    September 30,  
Net sales:   2018     2017  
United States   $ 13,318,837     $ 7,262,745  
Caribbean and South America           85,000  
Europe, the Middle East and Africa (“EMEA”)     4,759       191,886  
Asia     5,340       105,298  
Totals   $ 13,328,936     $ 7,644,929  

 

Long-lived assets, net (property and equipment and intangible assets):  

September 30,

2018

   

June 30,

2018

 
United States   $ 968,460     $ 1,073,640  
Asia     37,837       47,140  
Totals   $ 1,006,297     $ 1,120,780  
Schedule of receivables
   September 30,
2018
   June 30,
2018
 
Accounts Receivable  $8,738,473   $7,907,117 
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 September 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           133,905             133,905  
Software   5 years     2.5 years       323,053       249,064       73,989  
Patents   10 years     6.8 years       58,522       7,185       51,337  
Certifications & licenses   3 years     1.7 years       3,251,270       2,620,992       630,278  
Total as of September 30, 2018               $ 3,785,147       2,877,241       907,906  

 

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