EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Notes)

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment, Net [Abstract]

The major categories of equipment and leasehold improvements at June 30, 2013 and 2012 are summarized as follows:



	Estimated useful lives	2013		2012
Machinery and equipment	5-10 years	$	527,450	$	527,450
Furniture and office equipment	5-10 years	374,616		298,809
Tooling	5 years	3,363,464		3,180,586
Display booths	5-7 years	287,180		287,180
Computer equipment	3-5 years	1,401,056		1,370,185
Leasehold improvements	7-10 years	2,288,706		2,058,805
Assets in progress	N/A	318,758		395,035
		8,561,230		8,118,050
Less: accumulated depreciation and amortization		6,223,248		5,383,024
Equipment and leasehold improvements, net		$	2,337,982	$	2,735,026

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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