XML 43 R16.htm IDEA: XBRL DOCUMENT v3.3.0.814
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2015
Accounting Policies [Abstract]  
Inventories
   2015   2014 
Raw material  $485,266   $445,210 
Work-in-progress   388,503    385,601 
Finished goods   199,487    158,067 
   $1,073,256   $988,878 
Estimated Useful Lives of Property and Equipment
Asset Classification   Estimated Useful Life
Machinery and equipment   2-7 years
Leasehold improvements   Shorter of lease term or estimated useful life
Furniture and fixtures   5 years
Vehicles   3 years
Significant Customers
   Year Ended June 30 
   2015   2014 
Customer A   23%    21% 
Customer B   15      14   
Customer C   11      1   
Customer D   9      21   
All others   42      43   
    100%    100% 
Loss per Share
   Year Ended June 30 
   2015   2014 
         
Net Loss– Basic and Diluted  $(1,178,793)  $(1,160,638)
           
Basic Weighted Average Shares Outstanding   6,272,264    4,455,134 
Potentially Dilutive Securities        
Diluted Weighted Average Shares Outstanding   6,272,264    4,455,134 
           
Loss Per Share          
Basic  $(0.19)  $(0.26)
Diluted  $(0.19)  $(0.26)
Warranty Costs
   2015   2014 
Balance at beginning of period  $25,000   $25,000 
Provision for warranty claims   32,477    11,917 
Warranty claims incurred   (32,477)   (11,917)
Balance at end of period  $25,000   $25,000