INVENTORIES (Notes)

3 Months Ended

Sep. 30, 2013

INVENTORIES

The components of inventories at September 30, 2013 and June 30, 2013, were as follows:



	September 30, 2013			June 30, 2013
Raw materials	$	4,901,637		$	5,019,597
Work-in process	69,680			—
Finished goods	5,979,004			6,690,301
	10,950,321			11,709,898
Allowance for obsolete inventory	(1,189,512		)	(1,208,726		)
Total inventories	$	9,760,809		$	10,501,172

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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