1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Estimated Useful Lives Used For Each Class of Depreciable Assets

The estimated useful lives used for each class of depreciable asset are:

	Estimated Useful Lives
Manufacturing equipment	3 - 7 years
Office equipment	3 - 7 years
Building and improvements	7 - 40 years

Schedule Of Accrued Warranty Liability

The following is a summary of accrued warranty activity:

	Year Ended June 30,
	2012			2011
Beginning balance	$	413,203		$	520,000
Accruals for warranties during the period		196,753			176,662
Settlements during the period		(126,902	)		(283,459	)
Adjustments relating to preexisting warranties		(64,497	)		-
Ending balance	$	418,557		$	413,203

Schedule Of Comprehensive Income Loss

Comprehensive income (loss), consisting of net income (loss) for the period plus or minus any net currency translation adjustments, for the years ended June 30, 2012 and June 30, 2011 was as follows:

	Year ended June 30,
	2012			2011
Net loss	$	(13,920,940	)	$	(8,449,006	)
Net translation adjustment		(12,169	)		(9,700	)
Comprehensive loss	$	(13,933,109	)	$	(8,458,706	)