3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Segment information by geographic areas

	Three Months Ended				Six Months Ended
	December 31,				December 31,
Net sales:	2015		2014		2015		2014
United States	$	15,360,582	$	8,816,503	$	25,470,917	$	19,725,646
Caribbean and South America		7,000		1,257,352		100,000		1,415,052
Europe, the Middle East and Africa (“EMEA”)		4,743,238		1,357,015		6,485,441		1,363,398
Asia		52,661		1,063,817		55,589		3,606,668
Totals	$	20,163,481	$	12,494,687	$	32,111,947	$	26,110,764

Long-lived assets, net (property and equipment and intangible assets):	December 31, 2015		June 30, 2015
United States	$	1,139,870	$	785,144
Asia		456,192		571,629
Totals	$	1,596,062	$	1,356,773

Useful lives of property and equipment

Machinery	6 years
Office equipment	5 years
Molds	3 years
Vehicles	5 years
Computers and software	5 years
Furniture and fixtures	7 years
Facilities	5 years or life of the lease, whichever is shorter

Intangible Assets

The definite lived intangible assets consisted of the following as of December 31, 2015:

Definite lived intangible assets:	Expected Life	Average Remaining life	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Complete technology	3 years	–	$	490,000	$	490,000	$	–
Complete technology	3 years	–		1,517,683		1,517,683		–
Complete technology	3 years	–		281,714		281,714		–
Complete technology	3 years	–		361,249		361,249		–
Complete technology	3 years	–		174,009		174,009		–
Complete technology	3 years	0.1 years		909,962		884,685		25,277
Complete technology	3 years	1.3 years		65,000		37,917		27,083
Complete technology	3 years	2.0 years		2,402		800		1,602
Complete technology	3 years	2.3 years		6,405		1,602		4,803
Supply and development agreement	8 years	1.8 years		1,121,000		875,781		245,219
Technology in progress	Not Applicable	–		603,577		–		603,577
Software	5 years	1.6 years		214,065		180,671		33,394
Patents	10 years	7.5 years		58,390		1,710		56,680
Certifications and licenses	3 years	2.2 years		1,943,561		1,602,003		341,558
Total as of December 31, 2015			$	7,749,017	$	6,409,824	$	1,339,193

The definite lived intangible assets consisted of the following as of June 30, 2015:

Definite lived intangible assets:	Expected Life	Average Remaining life	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
Complete technology	3 years	–	$	490,000	$	490,000	$	–
Complete technology	3 years	–		1,517,683		1,517,683		–
Complete technology	3 years	–		281,714		281,714		–
Complete technology	3 years	–		361,249		361,249		–
Complete technology	3 years	0.3 years		174,009		159,508		14,501
Complete technology	3 years	0.5 years		909,962		733,025		176,937
Complete technology	3 years	1.8 years		65,000		27,083		37,917
Complete technology	3 years	2.5 years		2,402		400		2,002
Complete technology	3 years	2.8 years		6,405		534		5,871
Supply and development agreement	8 years	2.3 years		1,121,000		805,719		315,281
Technology in progress	Not Applicable	–		–		–		–
Software	5 years	1.1 years		197,418		158,284		39,134
Patents	10 years	6.8 years		57,655		1,005		56,650
Certifications and licenses	3 years	0.4 years		1,783,561		1,389,573		393,988
Total as of June 30, 2015			$	6,968,058	$	5,925,777	$	1,042,281