SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Schedule of Accounts Receivable

The composition of accounts receivable by aging category is as follows as of:

	September 30, 2016		June 30, 2016
Current	$	271,935	$	165,114
30-60 days		1,106		2,219
60-90 days		157,200		-
Over 90 days		3,041		5,300
Total	$	433,282	$	172,633

Schedule of Finite-Lived Intangible Assets

The customer intangible asset is comprised of the following as of:

	September 30, 2016		June 30, 2016
Gross carrying value	$	169,322	$	169,322
Accumulated amortization		(93,029)		(93,029)
Net carrying value	$	76,293	$	76,293

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 as of:

 

	September 30, 2016		June 30, 2016
Beginning balance	$	27,207	$	176,967
Accruals for warranties during the period		5,915		44,645
Settlements during the period		(157,330)		(318,698)
Adjustments relating to preexisting warranties		148,481		124,293
Ending balance	$	24,273	$	27,207

Deferred Revenue, by Arrangement, Disclosure

A summary of changes to long-term deferred revenue for extended warranty contracts is as follows:

	Three months ended September 30,
	2016		2015
Beginng balance	$	-	$	-
Deferred revenue for new extended warranty contracts		422,638		-
Deferred revenue recognized		-		-
Ending balance		422,638		-
Less: current portion of deferred revenue for extended warranty contracts		-		-
Long-term deferred revenue for extended warranty contracts	$	422,638	$	-