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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Schedule of Accounts Receivable
The composition of accounts receivable by aging category is as follows as of:
 
 
 
March 31, 2017
 
June 30, 2016
 
Current
 
$
52,796
 
$
165,114
 
30-60 days
 
 
3,979
 
 
2,219
 
60-90 days
 
 
-
 
 
-
 
Over 90 days
 
 
180,490
 
 
5,300
 
Total
 
$
237,265
 
$
172,633
 
Schedule of Finite-Lived Intangible Assets
The customer intangible asset is comprised of the following as of:
 
 
 
March 31, 2017
 
June 30, 2016
 
Gross carrying value
 
$
169,322
 
$
169,322
 
Accumulated amortization
 
 
(161,073)
 
 
(93,029)
 
Net carrying value
 
$
8,249
 
$
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: 
 
 
 
March 31, 2017
 
June 30, 2016
 
Beginning balance
 
$
27,207
 
$
176,967
 
Accruals for warranties during the period
 
 
35,473
 
 
44,645
 
Settlements during the period
 
 
(196,244)
 
 
(318,698)
 
Adjustments relating to preexisting warranties
 
 
167,888
 
 
124,293
 
Ending balance
 
$
34,324
 
$
27,207
 
Deferred Revenue, by Arrangement, Disclosure
A summary of changes to long-term deferred revenue for extended warranty contracts is as follows:
 
 
 
March 31, 2017
 
June 30, 2016
 
Beginning 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
 
$
-