3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2020

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:	2020		2019
North America	$	62,569,138	$	8,862,647
Asia		312		7,628
Totals	$	62,569,450	$	8,870,275

Long-lived assets, net (property and equipment and intangible assets):	September 30, 2020		June 30, 2020
North America	$	1,235,764	$	1,302,353
Asia		45,215		43,688
Totals	$	1,280,979	$	1,346,041

Schedule of receivables

The balances of our trade receivables are as follows:

	September 30, 2020		June 30, 2020
Accounts Receivable	$	27,782,709	$	15,973,537

Schedule of contract liabilities

Our contract liabilities are as follows:

	September 30, 2020		June 30, 2020
Undelivered products	$	140, 000	$	140,000

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 September 30, 2020:

Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Less Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		1.6 years		18,397		10,732		7,665
Technology in progress	Not Applicable		–		140,192		–		140,192
Software	5 years		2.7 years		526,868		347,473		179,395
Patents	10 years		6.8 years		20,734		11,344		9,390
Certifications & licenses	3 years		2.1 years		4,117,106		3,376,956		740,150
Total as of September 30, 2020				$	4,823,297	$	3,746,505	$	1,076,792

The definite lived intangible assets consisted of the following as of June 30, 2020:

Definite lived intangible assets:	Expected Life	Average Remaining life		Gross Intangible Assets		Less Accumulated Amortization		Net Intangible Assets
Complete technology	3 years		1.8 years		18,397		7,666		10,731
Technology in progress	Not Applicable		–		140,192		–		140,192
Software	5 years		2.9 years		525,930		338,593		187,337
Patents	10 years		7.0 years		20,734		10,821		9,913
Certifications & licenses	3 years		1.9 years		4,038,764		3,261,785		776,979
Total as of June 30, 2020				$	4,744,017	$	3,618,865	$	1,125,152