XML 67 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
2 Significant Accounting Policies: Inventories, Net (Policies)
12 Months Ended
Jun. 30, 2013
Policies  
Inventories, Net

Inventories, net

 

Inventories are stated at the lower of cost, determined using the weighted average cost method, and net realizable value.  Net realizable value is the estimated selling price, in the ordinary course of business, less estimated costs to complete and dispose. The Company wrote-off $21,598 and $73,954 of obsolete inventory during the years ended June 30, 2013 and June 30, 2012, respectively. For the years ended June 30, 2013 and 2012, the Company’s allowance for obsolete inventory is $386,120 and $36,080, respectively.