SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

Schedule of Accounts Receivable

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

  

	June 30, 2017		June 30, 2016
Current	$	309,156	$	165,114
30-60 days		-		2,219
60-90 days		-		-
Over 90 days		160,750		5,300
Total	$	469,906	$	172,633

Schedule of Finite-Lived Intangible Assets

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

	June 30, 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 :

 

	Year ended June 30,
	2017		2016
Beginning balance	$	27,207	$	176,967
Accruals for warranties during the period		276,855		44,645
Settlements during the period		(321,098)		(318,698)
Adjustments relating to preexisting warranties		256,209		124,293
Ending balance	$	239,173	$	27,207

Deferred Revenue, by Arrangement, Disclosure

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

	Year ended June 30,
	2017		2016
Beginng balance	$	-	$	-
Deferred revenue for new extended warranty contracts		435,450		-
Deferred revenue recognized		(3,750)		-
Ending balance		431,700		-
Less: current portion of deferred revenue for extended warranty contracts		9,062		-
Long-term deferred revenue for extended warranty contracts	$	422,638	$	-