3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Segment information by geographic areas

The following table contains certain financial information by geographic area:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
Net sales:	2019		2018		2019		2018
United States	$	13,035,820	$	9,016,495	$	21,898,467	$	22,335,332
Europe, the Middle East and Africa (“EMEA”)		–		156,321		–		161,080
Asia		228,035		12,940		235,663		18,280
Totals	$	13,263,855	$	9,185,756	$	22,134,130	$	22,514,692

Long-lived assets, net (property and equipment, intangible assets, and right of use asset):	December 31, 2019		June 30, 2019
United States	$	2,605,898	$	1,209,159
Asia		228,164		32,631
Totals	$	2,834,062	$	1,241,790

Schedule of receivables

The balances of our trade receivables are as follows: 

	December 31, 2019		June 30, 2019
Accounts Receivable	$	7,481,079	$	4,138,469

Schedule of contract liabilities

Our contract liabilities are as follows: 

	December 31, 2019		June 30, 2019
Undelivered products	$	140,000	$	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 December 31, 2019:

Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		2.3 years	$	18,397	$	4,599	$	13,798
Technology in progress	Not Applicable		–		130,500		–		130,500
Software	5 years		2.3 years		424,258		301,059		123,199
Patents	10 years		6.2 years		59,023		9,690		49,333
Certifications & licenses	3 years		1.3 years		4,013,780		3,058,539		955,241
Total as of December 31, 2019				$	4,645,958	$	3,373,887	$	1,272,071

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