Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Schedule of Composition of Inventory

The composition of inventory is as follows:

	June 30,
	2012		2011
Raw materials	$	2,112,001	$	1,567,082
Work in process	238,586		880,313
Finished goods	1,432,031		2,575,104
Total inventory	$	3,782,618	$	5,022,499

Schedule of Inventory Allowance

Valuation allowance activity for the years ended June 30, 2012 and 2011 was as follows:

	June 30,
	2012			2011
Balance, July 1	$	1,952,560		$	1,180,755
Provision for valuation allowance	68,390			772,307
Write-off’s	(1,469,981		)	(502		)
Balance, June 30	$	550,969		$	1,952,560

Schedule of Allowance for Doubtful Accounts

Allowance for doubtful accounts activity for the years ended June 30, 2012 and 2011 was as follows:

	June 30,
	2012			2011
Balance, July 1	$	743,864		$	895,838
Provision for bad debts	139,694			61,823
Write-off’s	(201,178		)	(213,797		)
Balance, June 30	$	682,380		$	743,864

Schedule of Property, Plant and Equipment

Property and equipment consist of the following at:

	June 30,
	2012			2011
Equipment	$	1,612,728		$	2,344,591
Furniture and Fixtures	82,888			74,504
Leasehold Improvements	114,914			114,914
	1,810,530			2,534,009
Less: Accumulated depreciation and amortization	(1,474,923		)	(2,015,129		)
	$	335,607		$	518,880

Schedule of Reconcilliation of Denominator of Basic and Diluted Earnings per Shares

A reconciliation of the denominator of the basic and diluted earnings per share for the years ended June 30, 2012 and 2011 is as follows:

	2012	2011
Basic Weighted average shares outstanding	7,526,430	7,526,430
Effect of dilutive securities—Stock options and warrants	—	—
Diluted weighted average shares outstanding	7,526,430	7,526,430