SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

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 March 31,				Nine months ended March 31,
	2018		2017		2018		2017
Beginning balance	$	181,625	$	38,154	$	239,173	$	27,207
Accruals for warranties during the period		184		8,334		10,376		35,473
Net settlements during the period		(55,869)		(25,564)		(120,609)		(196,244)
Adjustments relating to preexisting warranties		28,564		13,400		25,564		167,888
Ending balance	$	154,504	$	34,324	$	154,504	$	34,324

Deferred Revenue, by Arrangement, Disclosure

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

	Three months ended March 31,				Nine months ended March 31,
	2018		2017		2018		2017
Beginning balance	$	429,825	$	422,638	$	431,700	$	-
Deferred revenue for new extended warranty contracts		116,299		-		116,299		422,638
Deferred revenue recognized		(938)		-		(2,813)		-
Ending balance		545,186		422,638		545,186		422,638
Less: current portion of deferred revenue for extended warranty contracts		6,249		-		6,249		-
Long-term deferred revenue for extended warranty contracts	$	538,937	$	422,638	$	538,937	$	422,638