1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2014

Summary Of Significant Accounting Policies Tables

Schedule of Accounts Receivable

The composition of accounts receivable is as follows as of March 31, 2014 and June 30, 2013:

	March 31, 2014		June 30, 2013
Current	$	405,334	$	236,296
30-60 days		7,802		50,000
60-90 days		9,990		-
Over 90 days		159,894		160,629
Total	$	583,020	$	446,925

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
Assets held for lease	18 months
Building and improvements	7 - 40 years

Schedule Of Accrued Warranty Liability

The following is a summary of accrued warranty activity:

	Nine Months Ended  March 31, 2014			Year Ended June 30, 2013
Beginning balance	$	479,873		$	418,557
Accruals for warranties during the period		461,232			404,096
Settlements during the period		(497,000	)		(95,543	)
Adjustments relating to preexisting warranties		207,030			(247,237	)
Ending balance	$	651,136		$	479,873