SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 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 September 30,
	2018			2017
Beginning balance	$	121,699		$	239,173
Accruals for warranties		-			852
Net settlements		(113,825	)		(34,610	)
Adjustments relating to preexisting warranties		93,449			(8,724	)
Ending balance	$	101,323		$	196,691

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,
	2018			2017
Beginning balance	$	544,249		$	431,700
Deferred revenue for new extended warranty contracts		172,422			-
Deferred revenue recognized		(938	)		(938	)
Ending balance		715,733			430,762
Less: current portion of deferred revenue for extended warranty contracts		4,374			8,124
Long-term deferred revenue for extended warranty contracts	$	711,359		$	422,638