1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2020

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:		2020		2019		2020		2019
North America	$	66,229,782	$	13,035,820	$	128,798,920	$	21,898,467
Caribbean and South America		17,500		–		17,500		–
Asia		296		228,035		608		235,663
Totals	$	66,247,578	$	13,263,855	$	128,817,028	$	22,134,130

Long-lived assets, net (property and equipment and intangible assets):	December 31, 2020		June 30, 2020
North America	$	1,559,693	$	1,302,353
Asia		45,036		43,688
Totals	$	1,604,729	$	1,346,041

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