SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Schedule of Accounts Receivable

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

 

	December 31, 2017		June 30, 2017
Current	$	396,909	$	309,156
30-60 days		1,450		-
60-90 days		9,343		-
Over 90 days		9,128		160,750
Total	$	416,830	$	469,906

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:

	Three months ended December 31,				Six months ended December 31,
	2017		2016		2017		2016
Beginning balance	$	196,691	$	24,273	$	239,173	$	27,207
Accruals for warranties during the period		9,340		21,224		10,192		27,139
Net settlements during the period		(30,130)		(13,350)		(64,740)		(170,680)
Adjustments relating to preexisting warranties		5,724		6,007		(3,000)		154,488
Ending balance	$	181,625	$	38,154	$	181,625	$	38,154

Deferred Revenue, by Arrangement, Disclosure

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

	Three months ended December 31,				Six months ended December 31,
	2017		2016		2017		2016
Beginning balance	$	430,762	$	422,638	$	431,700	$	-
Deferred revenue for new extended warranty contracts		-		-		-		422,638
Deferred revenue recognized		(937)		-		(1,875)		-
Ending balance		429,825		422,638		429,825		422,638
Less: current portion of deferred revenue for extended warranty contracts		7,187		-		7,187		-
Long-term deferred revenue for extended warranty contracts	$	422,638	$	422,638	$	422,638	$	422,638