3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Segment information by geographic areas

The following table contains certain financial information by geographic area:

	Three Months Ended
	September 30,
Net sales:	2019		2018
United States	$	8,862,647	$	13,318,837
Europe, the Middle East and Africa (“EMEA”)		–		4,759
Asia		7,628		5,340
Totals	$	8,870,275	$	13,328,936

Long-lived assets, net (property and equipment and intangible assets):	September 30, 2019		June 30, 2019
United States	$	1,549,028	$	1,209,159
Asia		31,025		32,631
Totals	$	1,580,053	$	1,241,790

Schedule of receivables

The balances of our trade receivables are as follows: 

	September 30, 2019		June 30, 2019
Accounts Receivable	$	8,100,930	$	4,138,469

Schedule of contract liabilities

Our contract liabilities are as follows:

	September 30, 2019		June 30, 2019
Advance payments from customers	$	154,744	$	–
Undelivered products		140,000		140,000
Totals	$	294,744	$	140,000

Useful lives of property and equipment

Depreciation is computed using the straight-line method over the estimated useful lives as follows:

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, 2019:

Definite lived intangible assets:	Expected Life	Average Remaining life	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Complete technology	3 years	2.5 years	$	18,397	$	3,066	$	15,331
Technology in progress	Not Applicable	-		814,020		–		814,020
Software	5 years	2.5 years		424,227		289,704		134,523
Patents	10 years	6.2 years		58,884		9,243		49,641
Certifications & licenses	3 years	0.7 years		3,336,946		2,959,742		377,204
Total as of September 30, 2019			$	4,652,474	$	3,261,755	$	1,390,719

The definite lived intangible assets consisted of the following as of June 30, 2019:

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	-		465,352		–		465,352
Software	5 years	2.7 years		423,436		278,266		145,170
Patents	10 years	6.3 years		58,884		8,729		50,155
Certifications & licenses	3 years	0.8 years		3,319,461		2,888,624		430,837
Total as of June 30, 2019			$	4,285,530	$	3,175,619	$	1,109,911